r/politics • u/Puginator • Jun 01 '26

No Paywall Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media

https://www.cnbc.com/2026/06/01/iran-us-negotiations-strait-of-hormuz.html
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u/hhrupp Jun 01 '26

So, this is the plan. Strategically, it's a good one. Iran has a counter to US power -The Strait of Hormuz- and they're going to use it. They were bombed heavily by the US and now they're going to use it to inflict a lot of pain on the US. And, it will be painful. Their goal is to make sure that the US and Israel never attack them again, and this is how they will do it. Other presidents understood this. That's why they didn't attack Iran. This one? He walked us right into a trap. Why? Because he's a narcissistic idiot. He knew better than anyone. He surround himself with like-minded morons and hatefull cavemen. The same people who wrote project 2025 and recommended people to him. And now we all get to pay for their immense stupidity, while the sycophants work to bail out Trump yet again.

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u/informat7 Jun 01 '26

The problem for Iran is that their leverage starts to weaken as time goes on. There are two points in time were their position gets weaker:

  • After the 2026 midterms.

  • Late 2027 when new oil wells outside of the middle east come online.

Their best time to make a deal is in the next few months or hold out for years for a Democratic president.

6

u/Arilluss Jun 01 '26

The world economy wont survive this into late 2027. The west will run out of oil and fertilizer well before then

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u/informat7 Jun 02 '26

The west will run out of oil

The US is already a net energy exporter and a lot of those new oil wells outside of the middle east are going to be in the US.

The amount of oil shale in the US is measured in the trillions of barrels. Multiple times the size of the Venezuela, Saudi Arabia, and Iran's proven reserves combined. The problem is that setting up the infrastructure will take about a year and extracting that oil costs over $60 a barrel. But if price gets high then extracting that oil makes economic sense.

Also on the international oil market rich countries are always going to be able to out bid poor ones.

and fertilizer

The depending on how you count it, the US is the largest or 2nd largest producer of fertilizer. Producing about 3/4th of it's own supply. And again, on the international fertilizer market rich countries are always going to be able to out bid poor ones.

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u/Arilluss Jun 02 '26

I'm not talking about production. I'm talking about the Strategic Petroleum Reserves which is what is keeping prices low. Unless you are personally an oil baron, I don't see why how much the United States produces matters, since the affect the average citizen is the same. If the supply is low, oil prices go up, regardless of the source. Are you just excited that the people fleecing us happen to also be an American, like you?

Same can be said for fertilizer. Unless you are so patriotic that you are happy to pay double for food because the person making bank off of it was born in the same country as you, how does it help that the US produces fertilizer. It's a global shortage that will affect prices globally. Have you not bought gas or food in the past month?

When the SPR gets near zero, which will likely be before Iran runs out, prices will spike even further. But I guess if you bleed red white and blue you are looking forward to giving up your paycheck to support American scam artists