Comment by tehjoker
3 hours ago
There is truth to this but it's basically we'll hurt ourselves to hurt you more. This is a lose-lose strategy.
3 hours ago
There is truth to this but it's basically we'll hurt ourselves to hurt you more. This is a lose-lose strategy.
I am not sure if in the long term it is our interest to allow Iran to extract rent from this trade route, which would only strengthen China. It seems to me that the hurt is spread around the world quite widely, with inordinate impacts on Iran and China, not the U.S. or Europe [1].
[1] https://www.visualcapitalist.com/charted-oil-trade-through-t...