It's probably an exaggeration, but there are people talking about their fears of it.
Wyświetl załącznik 8735197
Please, for the love of all that is holy, can people stop posting paywalled journoshit?
https://archive.ph/hp11g
For one, that's two days ago, meaning that after two days, they have seen a reduction, not an increase, in oil prices. For two, they were assuming Iran might continue to attack refineries and such, which has not continued. They're also talking exclusively about futures, which are a notoriously change-averse market, and they react badly if like, a guy in a refinery drops a wrench and takes a few seconds longer to tighten a bolt. The strait is also only 'closed' because Insurance Companies are too cowardly to simply insure boats and let them go. It is a line go up fear that maybe THEIR line won't go up if they take the risk, so these companies in Europe and Asia are fucking over everyone because they're too raped.
Also, Iran could do this again at any time, and easily could have done so prior to this, if the Euros pissed them off, and they had made it clear, as other people say, that Iranians were always keeping the threat of shutting down the strait as an attempted economic deterrent. They will never hesitate to do it again after this, because Europe and Asia both showed that they will not do anything about it, and Iran could squeeze them as hard as they wanted and both sides would play ball, government-wise and shipping-wise.
That should also motivate many Europeans to hate their governments for allowing that to happen to them in the first place. Strong diplomacy means that you can't be gotten by the testes this way.
If the world goes multipolar and Iran starts pricing its oil in Rials, that currency is going to moon like bitcoin.
That might be the heaviest lifting I've ever seen an If do, RedBRICS.