Trump went like “Why just stop with US when I can fuck supermarket prices globally”
Please, someone tell me I’m not the only idiot that read this and thought they were trying to do the other type of mining.
The one that doesn’t make sense at all, but rather than realising that’s not the mining they were doing, because it doesn’t make sense. I just got more confused as to what they possibly could have found there worth mining for in the middle of a war.
And the profits soar
What do ya know, consequences. Carpet combing, killing their kids and turning their country into fucking hellscape.
Prices for everything will increase…again. Thank to the MAGA and Likud fucknuts!
If this is true, China is soooooooooo fucked.
I’m talking mass starvation.
Didn’t get chinese and idian ships get an exception from the closure.
Sea mines are indiscriminate weapons.
They really aren’t anymore. Mines have advanced a lot in terms of technology. You’d be amazed.
How so? I’m not challenging you, I honestly just don’t know what relationship you’re talking about.
Well it’s a major shipping corridor isn’t it and mines tend to be sort of a detriment to that that’s kind of the whole point really.
Add on to the fact that China isn’t all that industrialised and tends to import a lot of its food and you’ve got a problem. The Chinese government are more competent than most (not really a shining endorsement of capitalism is it) so they might have pivoted to India but I don’t know how much time they would require.
The amazing thing about all of this is it probably isn’t going to increase the price of RAM, so that’s the first for 2026.
Well as other’s already mentioned China get’s roughly ~20% of their oil from this region. All of that oil has to go through the Strait of Hormuz.
The most interesting part about why this is bad for food security in any country is that our agriculture systems runs on oil (you could say we eat the oil). You need to run your farming equipment & all the processing that is needed to make the food edible. Transporting food from the countryside to cities where most people live is also very “Oil”/Gasoline intensive. At the same time you need to cool/freeze the food (needs electricity which is mostly fossil fuels still). So if your Oil supply runs dry your just fucked. Modern society will just not be able to function with it’s City focused infrastructure.
Oh and the most relevant part is that fertilizers use a lot of oil to be produced. Well it’s not directly involved but still relevant. The Haber-Bosch ammonia production needs Natural Gas (by product from Oil extraction) to function or you can substitute it with Petroleum Coke (Petcoke) which is a byproduct of oil refining. Having less fertilizer is a HUGE problem for the next harvest season because your yields will be much lower which in turn reduces food availability.
So yea everything that you eat & is grown by a farm needs a fuck ton of oil.
you could even say that a globalised food supply chain is not the ideal arrangement and that localised food production should be every country’s priority with surplus going to market. National and global corporations don’t do this because the local markets are too small to deliver industrial scale profit, but the most efficient approach to food production is least amount of travel and processing as possible. It’s not for profit, it’s for efficient food supplies.
I guess they’re referring to China getting 11% of it’s crude from Iran and nearly 50% from Arab countries that use the hermouz straight. They also have a huge reserve that should last them 3-4 months (or 6-8 months assuming they only lose 50%).
Or… they’ll import more from Russia and reduce consumption to last much longer.
It’s a national emergency, but I don’t think they’re facing mass starvation because of it… Would love for them to expand on what they mean.
Oil companies and oil tanker crews are subject to the same fog of war as everyone else. They don’t know if there are mines. They don’t know if they can trust the US government to protect them or pay out the insurance. They have seen US bases get bombed. They don’t know if the US is lying or not because trust in the US is at an all time low.
It doesn’t matter if the strait is mined or not, because the perception the strait could be mined is enough. It is simply not worth the risk.
Tanker-insurance is impossible to get, now, therefore there simply won’t be any ships going through, until that gets remedied.
& it won’t get remedied until MUCH more than “an assertion that it’s clear” is in-place.
https://shanakaanslemperera.substack.com/p/actuarial-warfare-how-seven-insurance
It’s going to be 1/4y MINIMUM before ships begin going through, again, from the looks of that…
maybe closer to a year.
Dominoes got BIG, thanks to the economic-rules underpinning everything in industry…
_ /\ _
If only this wall could have been prevented. Sadly that was impossible since the US started it for no reason at all, oh wait.
seems like they will reroute through egypt and to SE’ASIA to avoid the mines at this point.
They don’t know if the US is lying or not because trust in the US is at an all time low.
Yup.
I wonder why.
Oh right because the US commander-in-queef is a Russian shill because Russia managed to influence the US enough to make the whole country cognitively challenged through environmental lead (more of an accident than anything purposefully neurotoxic but anyway) and the destruction of the US education system.
Once again posting this chart because when you realize which age group has the most enthusiastic Trump supporters, and you recognize the correlation between their behavior habits and the neuropsychological symptoms of lead poisoning during childhood development, everything starts to make way more sense.
Huh. I haven’t seen a picture of Khrushchev recently, but I rewatched Enemy at the Gates the other day, and I guess Bob Hoskins did a surprisingly accurate portrayal (with kudos to the makeup department, too).
Huh. I haven’t seen Enemy at the Gates in a long time, guess I should rewatch.
But yeah I post that pic pretty frequently on Lemmy weird you haven’t seen it before but I guess Fediverse is wider than I think.
They don’t know if they can trust the US government to protect them or pay out the insurance.
With how many of Trump’s lawyers got their bills paid in full and on time, I would be skeptical too.
Wright posted that “the US Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets,” crediting President Donald Trump with “maintaining stability of global energy during the military operations against Iran.”
Within hours, a senior source in the IRGC’s naval force told Iranian outlet Iran Now that the claim “has no basis in truth,” insisting that no US-escorted tanker had transited the strait.
The source described the announcement as part of a “media war and attempts to mislead public opinion,” adding that the strait remains under “precise surveillance” by Iranian forces and that “any military movement in the area is fully monitored.”
Wright subsequently deleted the post without public explanation, undermining a week of administration messaging aimed at convincing the world that commercial traffic would soon resume.
For an administration that relies so heavily on propaganda lies, they are remarkably terrible at lying.
In any case, even if it were true and not a pathetic lie, Donald Trump would deserve no credit for slightly mitigating the problems Donald Trump caused when Donald Trump decided to start bombing Iran and slaughtering its civilians.
They have always been bad at lying. Every lie this administration tells is obviously transparent, if they were good enough to concoct a reasonable lie they would be intelligent enough to not get involved in a war with an oil producing country without first restocking their oil reserves. No one this administration has any brains at all.
The trick is the people they’re lying to won’t look past the surface, so the lie does not have to be good.
I used to work for Anthroplogie (kinda bougie clothing store). We sold bound copies of On Bullshit, marketed largely because the title is funny and would look good on a coffee table. One day, while it was slow, I started reading it. In case folks don’t know, it’s actually a guy’s doctoral thesis for his philosophy degree and aims to establish “bullshit” as a philosophical category. It’s brilliant and completely changed the way I see things.
See, philosophy is battle between truth and falsehood. The author argues that bullshit is a greater threat to truth than a lie. This is because a lie needs the truth in order to be effective, whereas bullshit does not care one way or another. What we’re seeing now is not the US government lying to people. It’s the US government spouting bullshit. So yeah, they don’t care if the lie is good. Because they’re not lying. They’re bullshitting.
EDIT: Apparently there are now two books with that title! The one of which I’m referring is by Harry Frankfurt (and is available online as a PDF if I’m not mistaken).
So there is apparently two different books titled that. Is it the Harry Frankfurt one?
Ah, yes. That one.
Some people just want to believe I guess. Like they could start pushing lies that trump cured cancer and there would be some people that believed it with no credible evidence even as they died from cancer. The media would spin words to make it not sound like complete fabrication but rather everyone being misdiagnosed, and then appease some moderates by stating cancers are all different issues really, so they don’t really have cancer but a more acutely defined illness and at the end of the day 30% of Americans would answer polls that Trump cured cancer, 30% say he didn’t cure cancer and 40% didn’t know how they felt or if their head was infact in their ass at that very moment. Because yes, several of them look around and only see shit.
the timeline in which the IGRC’s public statement are more trustworthy than US officials…
At a certain point the propaganda stops making any sense on purpose. It’s not designed to deceive. It’s used to identify resistance.
1984 ass
“Flood the zone with shit” means it’s more important to many lies fast than to tell any lies well.
Gas prices go brrrrrrr
And diesel prices (which underpin essentially all industry and production) have gone even more brrrrrrrrrr. Which means just about everything else will be shooting up in price soon if the strait remains closed…
And much of the world’s fertilizer is shipped out of the strait of hormuz,and it’s currently spring, when fields would be getting fertilized right now. So food prices will jump too, and crop yields will be Lower
Right its crazy.
We have diesel for Aud$2.42 a litre where I am.
A week ago it was $1.84
I repair the machines that unload boats at the port, some of those hold 12000 litres of diesel and use 3/4 of it unloading a container ship.
Just that volume alone will effect the cost of shit
Fuck that sounds like a cool job.
It’s not bad, rough on the body though. It’s pretty clean in comparison to mine site work in the dirt though
Reminds me of the first episode of Smiling Friends when one of the main character’s father starts complaining about working in the ‘bloody mines all day’.
In Australia you can make a great living from it if you can handle the sacrifices you make.
Away from home for 3 to 4 weeks at a time 12 hour shifts with half hour travel each way to and from camp ontop.
Most places you do your own laundry but meals are provided.
Most of the jobs are also in the hottest most remote parts of Australia too where temperatures routinely reach the high 40s.
But you do that and can earn over 200k a year with just an apprenticeship behind you
Wars begin when you will, but they do not end when you please. Machiavelli
The quickest way of ending a war is to lose it.
- George Orwell
Trump denied this, and it is extremely unlikely. Iran has the full power to sink every ship that comes close with drones alone, and is why no US navy ship dares come close. The Yemen Houthis have to this day still closed the Red Sea to undesirable traffic, (despite yet another mission accomplished bombing campaign by Trump) and they have less than 1/10th the power of Iran.
Mines would be a sign of loss of control, but more likely the US is bombing small civilian boats under guises that they could lay mines.
Makes sense. Mines don’t recognize friend from foe so laying them means the area is a no-go for everyone.
Markets going up in response.
Lolz. Lmao, even.
Its because European countries announced they are going to release strategic reserves.
I still don’t get it though because that only covers 2 weeks and Iran has already taken down some permanent capacity in the region and a bunch of places had to stop pumping (meaning well mineralization and reopening times of months). I would expect oil to be at $100 even with the strategic reserves announcement.
Ah, but you see that’s a problem for future people.
In the next couple weeks, demand is going to go down as the weather warms up. After that, they have all summer to to work on shifting production to renewables as much as possible and shifting fossil fuel suppliers to ones that don’t need to use that strait.
Summer somewhat affects natural gas. Demand for petrol and fertilizer doesn’t go down in the summer. There’s no way renewables are going to have an effect on the demand for those commodities in the next 12 months.
Trump said it’s almost over, so uhh, I guess mission accomplished?
We certainly didn’t hear about Epstein the past couple of weeks so yeah, mission accomplished
We certainly didn’t hear about Epstein
Yes we did.
I hear things. Operation Epstein’s Fury and all.
How much sense it makes depends on which markets went up. If, for example, you are an Alberta oil producer, this situation is wonder for the bottom line.
The convoy idea is so dumb that I can’t believe anyone said it out loud. Effective strategy against commerce raiders, which Iran explicitly does not have. Might as well offer to mount a CIWS on tankers and hope your insurance premiums will see it as a wash (they won’t). Makes as much sense as suggesting you counter drones with cavalry.
If I was one of those oil companies, I’d say sure. You staff the tanker with your people and you insure us for any losses incurred. Also, put an upfront amount of insurance money in escrow.
But we’re not risking lives, merchandise, and equipment. You want the oil that badly. You move it. We’re just going to raise oil prices to cover our losses in the meantime, so we’re fine.
Oh they tried this, admin offered to pay oil companies for damages and move it themselves. Little catch there is tanker ships take half a decade or longer to build. The companies cannot afford to roll the dice on losing one, even if they’ll get reimbursed for the ship. They lose capacity ($$$) waiting for the replacement.
Yeah, losses would wouldn’t just be the cargo and the ship, it would be a decade long hit to earnings. And I’d want to see money for all of that, in escrow, before I moved an inch. Trump is famous for not paying his debts. I’d want all that money secured upfront.
And USA doesn’t build those ships.
Who does build those ships?
China and South Korea, but mostly China.
It’s not just normal insurance cost either. These ships take years to replace. They also have to insure against the multiple years worth of profits and loss of market share.
Exactly. It’s the ship, the goods, the lost earning over many years, severance for staff that won’t be used, etc. It would be mess.
I also wonder how clean up for a spill would be handled. Currently that’s managed by Iran and the vessel that spilled pays.
Also, if they sink in a bad spot, they’ll physically block the strait. It’s a narrow corridor that’s navigable.
Insurance companies won’t touch it.
Of course. The US government would have to insure it. No private company is touching that with a 10 foot pole.
No company is going to trust insurance from this administration though. That’s the problem with having a Trump who famously never pays his debts.
Which is why I said insurance in escrow.
Trump is famous for stiffing people. I’d want that money paid upfront and held in escrow by an independent financial firm in a neutral nation.
If a ship gets hit, escrow pays out for the oil, the ship, and the loss of future earnings. If the ships never sink, the money goes back to the US.
The math on the convoy doesn’t make sense to me.
The larger the convoy becomes a more attractive target, as a single salvo of missiles has greater chance of bypassing missile defences and hitting any target.
Plus they have drones or missile boats, which would be harder to defend against. You can do missile defence in a radius around a ship, but now there’s obstacles and small fast moving targets that only need to land 1 hit and can use blind spots.
So I guess you need 3+ navy ships to form a perimeter and guard a few tankers at once.
But now there’s mines, so your perimeter becomes another vulnerability, you’ve increased the surface area where mines can be.
So now you can add more navy ships to get better geometry but it’s a much higher cost.
Also, the US lies about what it is going to do all the time.
In fact, there is a big fat lie right in this article in which the US claimed to have already escorted a ship through despite the fact that they simply did nothing of the sort.
Would you be willing to stake the economic future of your company, the lives of your staff, and millions of dollars of equipment and product on the promise and competence of these guys?
Makes as much sense as suggesting you counter drones with cavalry.
Not drones exactly but this is a sound straregy in the early civilization games
The Shahed-136 uses a MD550 engine, spec sheet says that’s 50 horsepower. An actual horse has a peak output somewhere between 10 and 15 horsepower[1] so it should only take 4 or 5 horses to match/exceed the Shahed’s strength. Seems reasonable enough to me, it’s simple math.
Stevenson, Robert & Wassersug, Richard. (1993). Horsepower from a horse. Nature. 364. 195. 10.1038/364195a0. ↩︎
After a decade of trump you still can’t believe he would say something like this out loud?
Nice to see the US government still supporting EVs these days.
I still think that EV rebates and tax credits would be more cost efficient and much less jarring than provoking Iran into destroying 20% of the world’s oil supply… but I guess that I am too simple-minded for politics.
Gas is $5 near me. EVs are gonna start flying off dealer’s lots subsidy or not
No joke, electricity is getting so expensive that I was just about break even on running my PHEV on gas vs. electric… Then this happens to make the choice easy again
thats probably due to the AI slop datacenters hogging all the juice.
Well funding for those data centers are getting blown up… literally in the case of Amazon’s data center. So we might get to see that AI bubble pop that we have all been hearing so much about. That should help a little bit. Too bad Trump is offsetting that by cancelling all renewable projects though.
dint trump already cleared victory, so hes practically going to abandon the me as is.
This comment hurts my head.
