Quote:
Originally Posted by pxmcc
a cease fire in exchange for opening the Strait. Pakistan and China were the intermediaries.
opening the Strait is a bfd. basically China and Pakistan are trying to save Trump from himself while pursuing their own self interest.
Trump is in a bad spot. he needs a miraculous save. que the China/Pakistan offer to bail Trump out. i'm sure Iran is on board cause they're about to be fooked..
everyone knows that either a deal gets done or bilateral slaughter awaits..
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Trump and Netanyahu’s war against Iran is a strategic fuckup of the first order.
Having China and Pakistan bring this to a close is good for everyone except the public perception of Trump, Netanyahu, the United States, Israel and Iran itself.
But make no mistake solving this issue is a top priority for everyone in Aisa.
Here’s what I read in an opinion piece in the NYT. If the article is accurate things are going to get worse before they get better and the sooner we can get oil and gas production back up to normal levels the better.
https://archive.ph/DsEdk
This Energy Crisis Is Going to Change the World
Sri Lanka and Myanmar are rationing fuel. The Philippines has instituted four-day workweeks to conserve gasoline and electricity. Bangladesh briefly closed its universities to reserve power for homes and businesses. Across India, families and restaurants are cooking over wood fires for want of gas. Airlines are canceling flights.
As painful as the first phase of the energy crisis set off by the war with Iran has been, what comes next will be worse. This week, the final deliveries of oil and liquefied natural gas to Asia that passed through the Strait of Hormuz before it was closed are expected to arrive. The last tanker shipments to Europe should land by mid-April. After that, many countries’ reserves of gasoline, diesel, liquid petroleum gas and natural gas will dwindle. The price of oil could soar as high as $200 a barrel if the war drags on.
Fatih Birol, the head of the International Energy Agency, has called this “the greatest global energy security threat in history” — much worse than the 1970s oil crisis, the Covid pandemic or Russia’s invasion of Ukraine in 2022. This conflict has disrupted a bigger share of the global oil and gas trade, and there is no way to quickly fill the gap.
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That’s important because it could be years before the oil and gas supply is restored to prewar levels. After Iranian missiles struck the Ras Laffan liquefied natural gas export facility in Qatar, the country ceased production of the fuel entirely, suddenly taking 20 percent of the world’s supply off the market. Officials predict it will take three to five years to bring that plant, the world’s largest, fully online again. Other operators in the region also cut back on producing oil and gas because they are running out of places to store it all. Those wells can’t just be flipped back on like a light switch; it will take months to ramp production back up, creating more pressure to find alternatives.