Minichan

That's only 3 reasons

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@previous (Oatmeal Fucker !BYUc1TwJMU)
Did you skim or even try to read all their was to read?

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@previous (C)

I don't read articles when the gay OP doesn't bother to paste it into a Minichan

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@previous (Oatmeal Fucker !BYUc1TwJMU)
President Donald Trump may be pledging a quick end to his war on Iran — but the political fallout will persist long after the fighting stops.

Trump administration officials are downplaying the spike in oil and gasoline prices resulting from the disruption of crude shipments through the Strait of Hormuz, a key waterway.


“The recent increase in oil and gas prices is temporary, and this operation will result in lower gas prices in the long term,” White House press secretary Karoline Leavitt told reporters Tuesday, referring to the attacks on Iran. Energy Secretary Chris Wright said Monday that price perturbations would last “weeks, not months” as tanker traffic continues snarling in the strait.


But analysts say the disruption is already baked into oil and gas prices, threatening to prolong higher gasoline prices further into the midterm elections.

Here are five reasons high oil prices might persist:

It’s physical
The war on Iran has already disrupted the Gulf region’s energy markets so significantly that a quick recovery is no longer possible, said Anas Alhajji, a global energy markets expert. A mounting backlog of tankers on both sides of the Strait of Hormuz, which has been effectively shut down for more than a week, will take at least two weeks to clear. Then there will need to be a return to oil and gas production in a growing number of Middle Eastern countries that have now been shut down, including Qatar, Bahrain, Iraq and Saudi Arabia. Some of the damage from Iranian attacks, such as those on Qatar’s natural gas facilities, cannot be easily repaired, he said.

“Ending the war does not mean ending the crisis,” Alhajji said. “We have countries that literally shut down production because their storage is full. To bring back that oil to a pre-crisis level takes time. For [liquefied natural gas] in particular, it takes a very long time.”

It takes two to tango
Trump may have started the war — but he doesn’t have the power to unilaterally end it. The Iranians have not publicly stated that they will quickly agree to stop their attacks. In the last week, they have increasingly targeted the region’s energy infrastructure, which could cause a major jump in oil prices and a longer period of uncertainty if they persist.

In response to Trump’s comments, Revolutionary Guard spokesperson Ali Mohammad Naini on Tuesday told Iranian state media that “Iran will determine when the war ends.”

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I didn’t know Trump was with the #StopOil crowd.

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