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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

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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 65 points 1 month ago

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

[-] lostoncalantha@lemmy.world 16 points 1 month ago

The poor should rethink their vote next time

[-] Sterile_Technique@lemmy.world 14 points 1 month ago

next time

Here's hoping there will even be a next time.

[-] the_wiz@feddit.org 13 points 1 month ago

If the option to vote with paper is gone try lead.

[-] xenomor@lemmy.world 3 points 1 month ago

Sorry, couldn’t hear you over all the deafening silence from Kamala Harris and Joe Biden about how much they oppose this foreign policy and how different things would have been in this regard if either of them had become president.

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[-] UnderpantsWeevil@lemmy.world 15 points 1 month ago

$10 gasoline here we come.

[-] 9tr6gyp3@lemmy.world 61 points 1 month ago
[-] NatakuNox@lemmy.world 14 points 1 month ago

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 50 points 1 month ago

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 13 points 1 month 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 6 points 1 month ago

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 8 points 1 month ago

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

[-] Infinite@lemmy.zip 3 points 1 month ago

The children yearn for the 'fines.

[-] cornshark@lemmy.world 5 points 1 month ago

Why can't it be refined here?

[-] jaschen306@sh.itjust.works 2 points 1 month ago* (last edited 1 month ago)

Here is a video about it. In a nutshell, the oil we are able to pump out of the ground is a much lower quality oil and our infrastructure is not setup to handle the low quality crude oil. In order be able to process it, we would need to spend billions for the infrastructure and it wouldn't make financial sense since the East processes it for so much cheaper.

https://youtu.be/veTbuLu7znc

[-] Hugin@lemmy.world 3 points 1 month ago

The US has been a net exporter of refined petroleum since 2010.

[-] P00ptart@lemmy.world 2 points 1 month ago

Yeah but it's not the same quality or type of oil that the Middle East has. However Alaska does have that type of oil...

[-] BeardedBlaze@lemmy.world 26 points 1 month ago

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

[-] FlashMobOfOne@lemmy.world 31 points 1 month ago* (last edited 1 month ago)

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 10 points 1 month ago* (last edited 1 month ago)

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 8 points 1 month ago* (last edited 1 month ago)

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.

[-] A_Union_of_Kobolds@lemmy.world 3 points 1 month ago* (last edited 1 month ago)

I mean yeah but he's already a dictator. We can't vote our way out of this.

All these liberals just don't fuckin get it yet....

[-] UnderpantsWeevil@lemmy.world 7 points 1 month ago* (last edited 1 month ago)

I'm torn, because I've seen plenty to suggest the democratic process is still chugging along in the states. Let me know when the NJ/VA gubernatorial races are overturned.

At the same time, I've seen "Welcomefest" and the liberal doubling down on Palestinian genocide. I'm seeing liberals in Congress line up to support Trump in his Iran War. Liberals are bought into crypto. They're bought in on school privatization. They're bought in on defunding Medicaid and SS. They bought in on the deportations and the lawless arrests and the police violence

Too many liberals are supporting Trump in deed, while complaining in name only. How does an election fix that?

[-] BigMikeInAustin@lemmy.world 3 points 1 month ago

What you're saying is there is actually a class divide that gets hidden by a manufactured social divide.

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[-] FlashMobOfOne@lemmy.world 4 points 1 month ago

You just lived through a period where people literally threatened their neighbors (and tried to kidnap a governor) with guns because they couldn't get a haircut or get some cheesy biscuits at Red Lobster.

The worst sin Donald can commit is coming between Americans and the convenience that they equate with liberty.

And yes, there will be another vote.

[-] UnderpantsWeevil@lemmy.world 2 points 1 month ago

And yes, there will be another vote.

6-3 SCOTUS says the election didn't mean what you thought it meant.

Bush v Gore was a lethal blow for American democracy.

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[-] Lucky_777@lemmy.world 7 points 1 month 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.

[-] assembly@lemmy.world 3 points 1 month ago

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.

[-] Supervisor194@lemmy.world 6 points 1 month ago

Increasing the price of oil will increase the profits to Republican donors.

It also increases Russian profits. 🤔

[-] tal@lemmy.today 3 points 1 month ago* (last edited 1 month ago)

If the gas price skyrockets

We're a net oil exporter these days, thanks to hydrofracking.

https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php

In 2020, the United States became a net exporter of petroleum for the first time since at least 1949.

If the gas price skyrockets, (a) if it becomes really serious, it's possible for the US to not export oil and (b) more US oil production will come online.

Loss of oil access was a potent lever against the US in the 1970s, but it isn't in 2025.

[-] Saleh@feddit.org 3 points 1 month ago

We are talking 20% of global supply here.

The US can't just buffer that for its own people. Also this affects all manufacturing and shipping outside the US going to the US.

And if the US doesnt share the consequences and deliver oil to its "allies" in Europe that will damage the relationships substantially.

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[-] venusaur@lemmy.world 23 points 1 month ago* (last edited 1 month ago)

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 14 points 1 month ago

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

[-] venusaur@lemmy.world 5 points 1 month ago

Apparently that’s good business? Haha

[-] Almacca@aussie.zone 2 points 1 month ago

He's never been a good businessman.

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[-] BarneyPiccolo@lemmings.world 16 points 1 month ago

Wow, never saw that coming. Not.

[-] gigachad@sh.itjust.works 12 points 1 month ago

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.

[-] MetalMachine@feddit.nl 11 points 1 month ago

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

[-] MyOpinion@lemmy.today 10 points 1 month ago

The Orange Turd is the dumbest guy in the room.

[-] EndlessNightmare@reddthat.com 8 points 1 month ago

This is Jack's total lack of surprise.

[-] JackLSauce@lemmy.world 4 points 1 month ago

I was surprised by this comment...

[-] Grizzlyboy@lemmy.zip 4 points 1 month ago* (last edited 1 month ago)

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 16 points 1 month ago

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...

[-] mlg@lemmy.world 2 points 1 month ago

Right? US spends a metric ton of money on bases and basically running the middle east, they could at least throw in a nicer regime instead of some insane monarch dictators.

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[-] itisileclerk@lemmy.world 2 points 1 month ago

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

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this post was submitted on 22 Jun 2025
190 points (99.5% liked)

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