The grim choice facing the Trump administration: Economic or naval collapse? | CNN Business
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The Trump administration is currently trapped between the specter of a global economic recession and a naval catastrophe.

The Trump administration is currently trapped between the specter of a global economic recession and a naval catastrophe.

As the conflict with Iran intensifies, the world’s energy arteries are constricting to a point of “nonlinearity,” where every day the Strait of Hormuz remains closed doesn’t just double the economic pain — it multiplies it exponentially.

So, the Trump administration is working to resolve the oil crisis on several fronts: It’s scrambling to organize a complex military operation to restart the flow of oil tankers through the strait while determining ways to alleviate prices by taking action in the markets. It also launched a PR campaign to assure the public that any pain at the pump is likely to be short term.

Yet inside the Pentagon and the West Wing, the math is becoming grim. Brent crude, the international oil benchmark, has surged past $100 a barrel. The lack of oil flowing through the global market has slowed production to a crawl and is rapidly approaching the tipping point where major producers shut it down altogether due to storage constraints.

Well, if it isn’t the consequences of my own actions.

  • Jännät@sopuli.xyz
    19·
    3 天前

    So, the Trump administration is working to resolve the oil crisis on several fronts: It’s scrambling to organize a complex military operation to restart the flow of oil tankers through the strait while determining ways to alleviate prices by taking action in the markets. It also launched a PR campaign to assure the public that any pain at the pump is likely to be short term.

    This is just pure fucking sanewashing.

    The Trump regime is doing exactly nothing but the PR campaign. They’ll probably claim they’re doing something about the Hormuz situation, but that’s about it

    • limer@lemmy.ml
      12·
      3 天前

      The next few days, or couple weeks, is going to transition from pr management, and market manipulation, to pure fear.

    • manxu@piefed.socialEnglish
      9·
      3 天前

      But no! They are determining ways to alleviate prices by taking action in the markets! Everyone knows that taking action in the markets is the best way to alleviate prices! Why, just the other day I took action in the markets and my prices were all alleviated!