this post was submitted on 22 Jun 2025
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Following U.S. strikes on Iranian nuclear facilities on Saturday, the Iranian Parliament has voted in support of closing the Strait of Hormuz, one of the world's most critical oil transit chokepoints, according to media reports.

Any final decision on retaliation, however, will rest with the country's Supreme National Security Council and le

_

Around 20 percent of global oil trade passes through the Strait. Some experts have said that if Iran were to cut off access to the Strait, it could spike oil prices by 30 to 50 percent immediately, with gas prices likewise rising by as much as $5 per gallon.

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[–] FlashMobOfOne@lemmy.world 199 points 11 months ago (2 children)

So, for those watching, as usual, the cost of the war can and will fall most heavily on the poor.

[–] UnderpantsWeevil@lemmy.world 31 points 11 months ago

$10 gasoline here we come.

[–] lostoncalantha@lemmy.world 26 points 11 months ago (6 children)

The poor should rethink their vote next time

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[–] 9tr6gyp3@lemmy.world 118 points 11 months ago (1 children)
[–] NatakuNox@lemmy.world 30 points 11 months ago (6 children)

The only way for us to leave the middle east alone is if they have the bomb. The further they are away from possession of the nuke, the more likely we are to invade and generally fuck with them.

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[–] OhStopYellingAtMe@lemmy.world 97 points 11 months ago (2 children)

This will just give trump more leverage to drill on protected lands and build pipelines through communities, and seize private property in the US, to satisfy his American oil baron owners.

[–] teejay@lemmy.world 27 points 11 months ago

This is exactly right and needs to be higher. This was either part of the plan or a welcome side effect.

[–] jaschen306@sh.itjust.works 13 points 11 months ago (9 children)

Unfortunately the oil we drill can't be refined here. So it doesn't matter if we drill more. We can't do anything with it without sending it east.

[–] Randomgal@lemmy.ca 17 points 11 months ago (1 children)

It's okay, kids can build and work the refineries.

[–] Infinite@lemmy.zip 16 points 11 months ago

The children yearn for the 'fines.

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[–] BeardedBlaze@lemmy.world 57 points 11 months ago (2 children)

I really hope they do close it. Time for FAFO.

[–] FlashMobOfOne@lemmy.world 98 points 11 months ago* (last edited 11 months ago) (9 children)

As much as I hate how this is going to affect millions in the US and Iran, and elsewhere, who are already struggling, I don't think anyone in the US will care unless it personally affects their own quality of life, so yeah, part of me agrees with you.

If the gas price skyrockets they will demand Donald's head. Nothing pisses Americans off more than not being able to use their cars.

[–] LifeInMultipleChoice@lemmy.world 47 points 11 months ago* (last edited 11 months ago) (1 children)

Demand for his head, I doubt. They'll just call for a full invasion and taking of the strait and justify the strikes and invasion do to Iran closing it.

[–] FlashMobOfOne@lemmy.world 30 points 11 months ago* (last edited 11 months ago) (8 children)

There is a portion of MAGA that won't, sure.

But the majority will. This is a war of choice, not necessity, and you saw how quick people were to flip on Harris when it became clear she was comfortable with people being impoverished for no good reason.

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[–] Lucky_777@lemmy.world 17 points 11 months ago

You sure about that? This is MAGA. They will fall in line and say "if Biden didn't fuck this up in the first place.. then...blah blah"

They are all Team players. They will bend the knee like before.

[–] flandish@lemmy.world 9 points 11 months ago

they’ll blame iran and then demand daddy donny fix it with more bombs. they lack the ability to see that trump is the entire cause of this nonsense

[–] assembly@lemmy.world 9 points 11 months ago (1 children)

From what I understand, the US is now an oil producing country due to fracking so we won’t see results like the oil embargo of the 70s, just increases in prices. Increasing the price of oil will increase the profits to Republican donors. I do wonder what the products of the closure will look like.

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[–] MetalMachine@feddit.nl 53 points 11 months ago (1 children)

Oh boy can't wait for more inflation, war and destruction!

[–] Anomalocaris@lemm.ee 28 points 11 months ago

don't worry, it'll somehow be Biden's fault

[–] venusaur@lemmy.world 37 points 11 months ago* (last edited 11 months ago) (10 children)

Good on them for being smart about this. Doesn’t always have to be bombs. I thought Trump was supposed to be a good business man.

[–] P00ptart@lemmy.world 35 points 11 months ago (2 children)

You mean that guy that had not one, not two, but three failed casinos?

[–] D_C@lemm.ee 19 points 11 months ago* (last edited 11 months ago)

I think it was 5 casinos and a casino holding company? Brb...

Edit:
Bankruptcies were...
1991: Trump Taj Mahal
1992: Trump Castle Hotel & Casino
1992: Trump Plaza Casino
1992: Trump Plaza Hotel (not a casino, just a hotel.)
2004: Trump Hotels & Casino Resorts
2009: Trump Entertainment Resorts. Which was a casino holding company. Not only did he bankrupt cannons he also bankrupted a company that syphons profits from casinos.

[–] venusaur@lemmy.world 10 points 11 months ago (5 children)

Apparently that’s good business? Haha

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[–] Almacca@aussie.zone 28 points 11 months ago

He's never been a good businessman.

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[–] Zomg@lemmy.world 32 points 11 months ago (7 children)

Got an EV, I'll be okay. Sorry republicans, but surely you were expecting this, right? Enjoy the gas prices.

[–] shalafi@lemmy.world 39 points 11 months ago

I've noticed that everyone only sees oil from a personal perspective. If gas prices spike, every price spikes. On top of that, oil is used for 1,000 purposes apart from internal combustion engines. The shockwaves from the planetary economy crashing would be appalling. Here's a tiny, tiny example:

Your city has a budget for mowing grass, parks & rec, all that. If higher prices run that budget out, the work simply stops. Multiply that by 1,000,000 other like cases.

An EV will only save you the gas station bill. It won't save you from everything else that will crumble.

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[–] DarkFuture@lemmy.world 23 points 11 months ago (1 children)

Man would I love a montage of hidden camera footage of cousin-fucking Trump supporter's faces as they look at the skyrocketing gas prices when they go to the pump.

Get your Trump "I did that" stickers ready.

[–] CalipherJones@lemmy.world 12 points 11 months ago

I don't think they'll recognize a price difference unless Fox news tells them about it.

[–] gigachad@sh.itjust.works 22 points 11 months ago (2 children)

This must be a very difficult decision. It heavily affects China, as Irans biggest trade partner for oil, as well as the other exporting gulf states Iran tried to normalize relationships with during the last years. Oil prices will go up, Putin will benefit.

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[–] RadioFreeArabia@lemmy.world 22 points 11 months ago (1 children)

Iran has the right to defend itself.

Oil going up in price won't be necessarily a bad thing, oil is underpriced relative to historical highs.

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[–] BarneyPiccolo@lemmings.world 19 points 11 months ago

Wow, never saw that coming. Not.

[–] Grizzlyboy@lemmy.zip 16 points 11 months ago* (last edited 11 months ago) (1 children)

The oil price is skyrocketing and countries producing it will earn a lot more. Since Russia started the war on Ukraine, Europe has needed a lot more gas, making countries who produce gas a lot richer. Norway is profiting af from all of this shit.

[–] themoonisacheese@sh.itjust.works 32 points 11 months ago (3 children)

Out of all the countries that could profit from this, Norway is the country I have the lest problems with tbh. Saudi Arabia on the other hand...

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[–] itisileclerk@lemmy.world 15 points 11 months ago (1 children)

Russia Like this! Krasnov did it again. Молодец товарищ Краснов.

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[–] EndlessNightmare@reddthat.com 15 points 11 months ago (1 children)

This is Jack's total lack of surprise.

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[–] avidamoeba@lemmy.ca 14 points 11 months ago (6 children)

The market seems to be betting that it's not happening.

[–] atzanteol@sh.itjust.works 11 points 11 months ago

TACO principle.

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[–] wanderwisley@lemm.ee 14 points 11 months ago

$300 dollar barrel of oil in 3, 2, 1…

[–] MyOpinion@lemmy.today 12 points 11 months ago

The Orange Turd is the dumbest guy in the room.

[–] bieren@lemmy.zip 9 points 11 months ago

Parliament has approved it. Hasn’t been ordered yet though by the supreme leader.

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