On day 10 of the Iranian revolution, the Ayatollah has fled

oldman said:
It may have been a mistake for the U.S. not to have taken control of the Strait.
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Yeah, I expected they would, but maybe it was necessary to concentrate naval assets out in the Arabian and Mediterranean seas. As far as I know, Oman and UAE still pretty much control the strait - or watch over it, at least - and since they're mad at Iran for bombing them recently, maybe we won't see serious disruption with oil shipping.
oldman said:
As it stands now, the U.S. has plenty of oil, so one may think our gas prices should not rise as they have. However, because oil is globally traded on the open market, our oil prices have risen along with the oil from OPEC and other oil producing nations. It doesn’t seem fair to me, but then again, what is when it comes to the almighty dollar?
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True. Prices usually rise in general during times of war, though. Hopefully it will be over soon. Our Ministry of War estimates a couple of months at most. It's not a hard estimate, of course, but most of the Middle-East is remaining reasonably calm (so far). Iran hit almost every one of them, so right now it seems they're just going to sit back and let the US and Israel do their thing.
 
seadoug said:
Let's see how many shipping companies are willing to take us up on this at the expense of possible lost lives. Sounds like the promised $2,000 rebate checks to cover tariffs. I'd be happy to be wrong.

US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow​

US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow (1)
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"US International Development Finance Corporation and Treasury are coordinating closely with CENTCOM on next steps in the implementation of this plan."

I'm going to try to keep updated on that.
 
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