Comment on Is there a point to the Straight Of Hormuz? What is the difference between the Iranians having it than the US? What does it mean for the average joe in either country?

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adhdsergio@lemmy.world ⁨4⁩ ⁨days⁩ ago

Not to mention that China, which was buying a significant portion of the world oil (i forget the figure but it was 5 or 7%), has now stopped and is using reserves. Those reserves are vast (they have oil for a full year) but when they choose to resume buying we’ll get another kick in the teeth

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