Iran's foreign minister warned earlier Sunday that the Islamic Republic "reserves all options to defend its sovereignty" after U.S. airstrikes.

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

  • peoplebeproblems@midwest.socialEnglish
    35·
    4 months ago

    Ok so like if China did do that, whats in it for them?

    Also, if the price of oil spikes will that cause a market crash that crashes the housing bubble? Seems like this might be a entirely-too-fucked-up way to make housing affordable again.

      • NoneOfUrBusiness@fedia.io
        102·
        4 months ago

        Iran could easily allow China-bound ships and shut out everyone else, which they’ll probably do if China pushes for it.

          • JuxtaposedJaguar@lemmy.ml
            2·
            4 months 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.

          • theneverfox@pawb.socialEnglish
            1·
            4 months ago

            Anything else would be open to air attack and about as effective as the Houthis, which is to say not very.

            You mean the terrorist group who forced both the US and China to make deals with them?

            I think they proved that this is a shockingly successful technique

              • theneverfox@pawb.socialEnglish
                21·
                4 months ago

                That’s not the part that matters… They’re not pirates

                They scared the shipping companies enough to affect the global economy.

                It doesn’t matter if all they do is give some deck hand PTSD by taking pot shots at them - They still made the biggest economies in the world come to them for a deal

      • Jhex@lemmy.world
        61·
        4 months ago

        so Trump is asking China to help itsef as the US won’t be affected at all. Did I understand you interpretation correctly?