No. of Recommendations: 3
nations that use the vital shipping lane will have to guard and police it.
The desanctioning of Iranian oil sitting in tankers proposal was fleshed out on the news this evening.
Currently, China is large enough and wealthy enough to ignore the sanctions and buy that oil, at a relatively low price. By desanctioning the oil, everyone can bid for that oil, so China no longer has exclusive access, nor buy it on the cheap.
So, yes, Trump the Conqueror is sticking it to Xi, by desanctioning the oil.
iirc, that action covers about 140M barrels. Shipments out of the Gulf, before the war, averaged 17-18Mbpd, so the action will cover about 8 days worth of pre-war Persian Gulf shipments.
Steve
