If Iran Gets Away with Toll Over the Strait of Hormuz, It Will Greatly Increase Energy Costs for South Korea
If Iran can make people pay a toll to cross the Strait of Hormuz what is to then stop other countries to do the same thing at other strategic waterways? Is everyone ready to pay a tax to the Chinese to cross the South China Sea next?:
The Iranian parliament’s approval on the 30th (local time) of the management plan to collect tolls for passage through the Strait of Hormuz signifies its intention to fully control the global energy trade gateway, through which approximately 20% of the world’s crude oil passes, and turn it into a “money pipeline.” If this plan is actually implemented, it is expected to deal a significant blow to the global economy. Concerns are growing that South Korean refiners will face unavoidable additional costs in the trillions of won, leading to soaring domestic oil prices and inflation across industries.
The management plan explicitly prohibits the passage of vessels with American or Israeli nationality or ownership. It also blocks access to the strait for ships from countries that have unilaterally imposed sanctions on Iran. The plan also specifies that tolls will be collected in the national currency, the rial.
You can read more at the link.
“If Iran Gets Away with Toll Over the Strait of Hormuz, It Will Greatly Increase Energy Costs for South Korea”
Let me fix that terribly broken headline.
If Iran Gets Away with Toll Over the Strait of Hormuz, Trump will be Right, as Usual, that the Rest of the World is too Chickenshìt to Even Fight for Their Own Energy but as an Energy Exporter, America is Happy to Cover the Supply Gap at the Going Rate Minus the Extortion Fee and Good Luck Being an Export Economy with High Energy Costs In Competition with a Country with Plenty of Energy and Increasing Reindustrialization
It is going to be interesting how this all turns out but in all the likely scenarios, America comes out ahead, especially at the expense of those who don’t get involved.
Regime change would be ideal but not fully necessarily. Venezuela got a change of leadership but not change of regime yet they have decided American oil and mineral companies should have access to their resources and Cuba should not have any discount oil.
Without regime change, let Iran hassle European and Asian energy supplies and costs. America has increasing industry and plenty of energy export capacity.
Iran’s military can’t hide from the eye in the sky so when they start building up, bring a carrier group by once a year for some live fire training.
China is buffered, Japan is paralyzed, Korea is adapting quickly. Let’s see what everyone does.
Prediction: pays the bully
…which empowers America to be a bigger bully.
Greenland looks better every day.
I wonder how the locals feel about American Formosa?
How’s the golden Trump statue coming along?
This is why the US needs to send naval ships to the Strait of Hormuz to lead the war effort.
Where are they?
“How’s the golden Trump statue coming along?”
You are not very informed, are you?
“This is why the US needs to send naval ships to the Strait of Hormuz to lead the war effort.”
You are not very informed, are you?