Trump says US to start blockading the Strait of Hormuz immediately

4 months ago by smps to c/nottheonion

"Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING ‌any ⁠and all Ships trying to enter, or leave, the Strait of Hormuz," said Trump

radix 200 points 4 months ago

In about two days, there will be reports of massive volume of shorts on oil company stocks that occurred in the minutes before the announcement, then another day after that, nobody will talk about it again.

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humanspiral 28 points 4 months ago

This is good for oil stocks/oil prices going much higher... until TACO.

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NONE_dc 130 points 4 months ago

From mediocre incompetents to outright villains.

Are they also going to block the ships that Iran and Japan agreed could pass through, for example? Are they really going to screw over a strategic ally like Japan just for...? You know what? Yeah, they definitely would.

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brunox 28 points 4 months ago

maybe Japan shouldn't have surprise attacked them on december 1941.

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limer 29 points 4 months ago

Japan only attacked the USA in 1941 because of an oil embargo by the USA

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LincolnsDogFido 17 points 4 months ago

I mean, yeah, but also they were allied with Nazi Germany and fascist Italy at the time. And pursuing their own expansionist ambitions in the Eastern hemisphere.

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shani66 15 points 4 months ago

So japan could do the funniest thing rn

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grue 2 points 4 months ago

With what navy?

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Bloomcole 3 points 4 months ago

And then moved their main base from California to the middle of the ocean to serve as a juicy target.
They wanted nothing more than war.
The standard US answer to all countries that become economic competitors.

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Denvil 7 points 4 months ago

They didn't even tell us they were going to

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Bloomcole -1 points 4 months ago

they did

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joostjakob 1 point 4 months ago

That didn't stop both countries from being allies for several decades, why would you bring that up now?

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Stormy 8 points 4 months ago

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halfapage 5 points 4 months ago

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DaPorkchop_ 4 points 4 months ago

Trump brought it up out of the blue while talking to the Japanese PM a few weeks ago iirc

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joostjakob 1 point 4 months ago

Ah of course

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Localhorst86 119 points 4 months ago

"You're not blocking the strait of Hormuz, I am. I dont even want your strait, anyways"

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Atelopus-zeteki 62 points 4 months ago

It's literally high school bully level of pettiness and stupidity. And because it's on a global scale, everyone suffers. smh.

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homesweethomeMrL 24 points 4 months ago

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EisFrei 11 points 4 months ago

https://www.moviefone.com/...

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blattrules 104 points 4 months ago

So now instead of zero blockades like we had two months ago, we have two blockades?

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krisevol 52 points 4 months ago

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ShaggySnacks 10 points 4 months ago

2 is better than 0 as 0 is for losers. /s

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Lanske 56 points 4 months ago

I hate these Maga Yanks so much.

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Lost_My_Mind 10 points 4 months ago

American here. As do I.

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Zahille7 45 points 4 months ago

I'm a little surprised everyone is mostly agreeing that he's doing this because he's stupid. I mean yes, he's a fucking idiot, but someone told him to start a blockade. And as we all know from the first one a week ago, it's only gonna jack up prices on literally everything even more than they are right now.

It's all a plan by the billionaire class that openly runs our country now to keep inflating prices so consumers don't have anything.

Edit: like c/BamboodPanda said, "Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything."

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CaptainSpaceman 14 points 4 months ago

Its mostly to jack up oil.

Trump is owned by Rosneft and OPEC

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Bamboodpanda 12 points 4 months ago

Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything.

They loved the prices they found gouge after the pandemic and want to see how far they can push society.

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hansolo 14 points 4 months ago

100% this. He didn't come up with a solution to "open the strait!" as "don't use the strait!" So it's still closed? Because of feels? OK, but it being closed because you said so means it's still fucking closed.

Who benefits from this long term? Other than just "people who just bought oil at $98 on Monday"?

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ShaggySnacks 4 points 4 months ago

My theory is Lumpty Trumpty and the other looters are going to let the price of oil go up before announcing some sort of deal or removal of the blockade. Oil prices start to come down.

Anyone in on the looting gets to rake in the short bets on oil. It's the opposite of a pump and dump scheme.

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Zahille7 1 point 4 months ago

https://lemmy.world/comment/23188629

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the_mighty_kracken 5 points 4 months ago

Brilliant plan to reduce their own income.

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Zahille7 2 points 4 months ago

https://lemmy.world/comment/23188629

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Malyca 1 point 4 months ago

He just wanted a cut from Iran's tolls

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Sgarcnl 42 points 4 months ago

He’s playing the stock market again

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limonfiesta 37 points 4 months ago

Can't wait for the USN to start blowing up Chinese tankers and cargo ships.

Or seizing SK and Japanese vessels for that matter.

Are we going to prevent our most Asian important allies from receiving energy supplies that could prevent, or at least significantly delay, their complete economic collapse?

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krisevol 14 points 4 months ago

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AdolfSchmitler 6 points 4 months ago

I keep seeing posts like this and they make a lot of sense. Do you have any recommendations on where someone might read up on this or should I just start googling stuff like "what happens when countries collapse?" "German economy after WW1" "currency collapse of ancient Rome" etc etc

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limer 12 points 4 months ago

Not op, and as far from an economist as possible. But I think there has never been a situation like this, ever, in the entire human race.

I have no clue what will happen but I deeply feel most will have wrong predictions

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AdolfSchmitler 7 points 4 months ago

I mean, yes and no. Rome didn't have military bases around the world when it collapsed and Germany didn't have reserve currency status. But their currency DID become worthless. Stories like people burning money cuz it was cheaper than buying firewood.

I know that it won't be "exactly the same" but maybe we could glean some valuable insight. Like physical items held value way better than currency. What did people do? Did families all return home and live with their parents/siblings since costs were too high alone?

Having an idea of where things might go or what could happen just makes me feel better about it I guess? Like I know if the dollar collapses no amount of prep will really make it better and society as we know it in the U.S. will not exist for a bit.

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sobchak 5 points 4 months ago

Many of the super wealthy obviously want to create company towns again (I think Musk is already in the process). Child labor laws are being rolled back. Wouldn't be surprised if stuff like debtor prisons come back. We are in the process of building concentration (and likely labor) camps for the homeless. We have and are building concentration camps for the undocumented. People are openly talking about denaturalization. I think it's clear where the "elite" want to see things go. Open question is how far we collectively will let them.

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krisevol 1 point 4 months ago

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Bloomcole 0 points 4 months ago

civil war is the last thing that will happen.
the lamest docile subservient people on the planet.

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fake_meows 3 points 4 months ago

https://lemmy.zip/c/collapse

In the collapse community people have been aware of a "thermodynamic" collapse of energy supplies for quite a while.

So for example, to mainstream people and the investors, there is something called 'oil' which seems like a commodity item.

In the collapse community, worldwide supplies of diesel and heavy oil energy products (shipping, trucking, agriculture, mining and gasoline refining among many other applications) has been in a 10-year long period of decline with major implications for our global civilization.

(Diesel / heavy crude comes from several places globally. The USA has run out but Venezuela and Iran are two heavy hitters for the molecules needed.)

The blockade on the strait is only having any impact because it's a zero sum game now that nobody can raise production any higher. Like you don't see Norway and Canada suddenly ramping up and filling demand, right?

I consider this the most parsimonious and cogent world view.

In a short summary: the blockade is an artificial shortage that is designed to collapse and bankrupt the most dependent and vulnerable nations in the global periphery, which is a "triage" that preserves oil supplies for the wealthy nations in the long run. Like this triggers collapse, and then as a second order effect global demand will fall for energy which is in an irreversible depletion event. This is the only way the most developed nations extend their existence through the crash.

This is all an open secret, you can dig into technical papers and agency reports and academic publications, everything will say the same thing. However, this is not really a "mainstream" consciousness.

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NatakuNox 34 points 4 months ago

Lol so let me get this straight. We went from a completely open and free strait, to a closed one, to one ran and toll, to a double blocked strait. We are up 200% blockage. Art of the deal.

Also Trump is going to starve out all of the middle east and Asia? He'll be tacoing here soon. Otherwise WW3 is guaranteed because China and Russia are preparing to have their forces escort their materials through because Iran doesn't have beef with them.

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BarneyPiccolo 22 points 4 months ago

Oh, sure, this will bring down gas prices.

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Triumph 18 points 4 months ago

Snip snap snip snap

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green_red_black 17 points 4 months ago

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webp 10 points 4 months ago

When a mother blockade and a father blockade love each other very much...

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wonderingwanderer 15 points 4 months ago

Lame-ass copycats.

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fox2263 15 points 4 months ago

So Iran is Naboo

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homesweethomeMrL 5 points 4 months ago

Owah brockade is a-perfectry regrow

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Lushed_Lungfish 2 points 4 months ago

A communications disruption can only mean one thing...

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fox2263 2 points 4 months ago

Invasion?

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taiyang 13 points 4 months ago

He saw then charging a toll and wanted to also charge a toll.

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altphoto 12 points 4 months ago

So let me get this straight... Of Hormuz.

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Railcar8095 0 points 4 months ago

Terrible pun.

Blocked

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humanspiral 10 points 4 months ago

I'd hope global reaction will be anger against US. If Israel had paused its genocide of Lebanon, 20 ships/day would have flowed out of SoH. Now it will be 0. Trump just threated NATO and other allied flag ships.

Way out is for world to negotiate with Iran to pay equivalent revenue to tolls in order to have SoH fully open. World paying instead of US/Israel, if world is too timid to show anger to US.

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verdi 6 points 4 months ago

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sobchak 3 points 4 months ago

Nah, I don't want to see two nuclear powers directly fight.

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phoenixz 6 points 4 months ago

So now they went from the bad guy to the worse guy in this conflict. Because of course

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WorldsDumbestMan 1 point 4 months ago

I wonder if NATO will interfere now, and start an invasion against THE USA.

Lmao.

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Bloomcole 0 points 4 months ago

But why would they need to since according to the very true reports by CENTCOM their destroyers passed the Straight and back unchallenged.

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Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

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Posts must be:

Links to news stories from...
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...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”

Please also avoid duplicates.

Comments and post content must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, ableist, or otherwise disruptive behavior that makes this community less fun for everyone.

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