Trump: China you gotta do something! You are, after all, my best friend.

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 year ago

if they allowed through any shipments, it would defeat the entire purpose of closing the Strait. Oil is fungible and will be resold if a profit can be made

Every additional step in the supply chain increases the price since everyone adds their own margin, and at some point it becomes more expensive than oil alternatives (for example, bio-plastics). Anyway, if China started reselling the oil then Iran would stop letting them through.

  • source
  • parent