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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 8 hours ago

Oil Prices Might Not Go Back to Normal Anytime Soon

www.theatlantic.com

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Oil Prices Might Not Go Back to Normal Anytime Soon

www.theatlantic.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 8 hours ago
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There’s a big difference between reopening the Strait of Hormuz on paper and actually resuming the flow of oil through it.
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  • MynameisAllen@lemmy.zip
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    7 hours ago

    It blows my mind how people are shocked by this somehow

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      6 hours ago

      People living in deindustrialized societies have no appreciation for how real world logistics work.

    • ian@mander.xyz
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      5 hours ago

      People are dumber than we ever thought possible

  • Nonconfrontational@lemmy.ml
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    6 hours ago

    Might?

  • cmbabul@slrpnk.net
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    8 hours ago

    I swear to the gods, everyone with a brain knew that would be the case when the shipping route that 20% of the worlds oil passed through was shut down.

    • Nonconfrontational@lemmy.ml
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      6 hours ago

      For like 90 days lol

      • cmbabul@slrpnk.net
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        6 hours ago

        And based on the memo of understanding, is still closed until Iran gets paid if I read the memo correctly, and that’s all dependent on Israel not attacking Lebanon, which, to be generous extremely unlikely

        • Nonconfrontational@lemmy.ml
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          6 hours ago

          Pretty much my thoughts exactly!

  • ☂️-@lemmy.ml
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    6 hours ago

    serves them right

  • NewNewAugustEast@lemmy.zip
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    5 hours ago

    Normal?

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