@RMDiLillo@hkuppy They don't need to fully close it. Just sinking a tanker or two a month is enough to void all shipping insurance policies in the region and bring things to a halt.
This will have a massive impact on Gulf budgets for years to come. Income taxes on the horizon?
@hkuppy 1. This war will last much longer than anyone expects
2. Hormuz will be unsafe for years
3. Ships intending to pass through Hormuz can't get insurance and won't sail
4. Only option are pipelines to the red sea, which is under fire by Houthi rebels
Massive impact on Gulf & China
@DanishMFA@EmmanuelMacron Please offer China and Russia a time-boxed 10 year lease to set up their own arctic stations in Greenland. That's the only deterrent to keep the orange lunatic at bay.
@srfnews Danke @SNB_BNS. Die CH wird mit den höchsten Zöllen aller westlichen Nationen bestraft. Nicht weil wir hohe Zölle auf US Produkte hätten, sondern weil die SNB seit Jahrzehnten die Währung künstlich schwächt, die Wirtschaft und Zuwanderung ankurbelt und eine kranke Immoblase dazu.
@NickMcKim I call for @NickMcKim to resign for meddling with the process of getting interest rates back to responsible levels out of self interest. Only a third of Aussies have mortgages but 100% suffer from inflation.