Trump says he bombed Iran

[SomeStupidName]

Chinas exports went up last year. 

They get about 13% of their oil from Iran.

They are effected by the whole straight being shut down, but so is much of the world.

We have an opportunity to take out some very bad people and we are taking it, suck it up and power though it'll be over soon.

[SomeStupidName]

Preparing for an assault on their nation? Another thing only Israel is allowed because.... They breach international law and cannot be trusted? 9/11 as one example.

With how it is like living near Israel with their unjustified attack, Iran has been justified in their ambitions.

Are you actually defending the ayatollah's?  Those guys are garbage. IRGC shouldn't have went down terrorist lane if they wanted to be treated like decent humans. They are animals and now they are dying like dogs. It's what they wanted based on their behavior.

[Kurokage]

We have an opportunity to take out some very bad people and we are taking it, suck it up and power though it'll be over soon.

You may say suck it up but.....

http://Oil prices jump after Qatar warns...o $150

Oil prices surged on Friday after warnings from Qatar that the war will force Gulf to stop energy exports "within days".The oil market came under pressure on Friday after stark warnings raised concerns about further disruptions to global energy flows as the conflict in the Middle East escalated.
By early afternoon in Europe, US benchmark West Texas Intermediate (WTI) crude had risen more than 6% to above $86 a barrel. International benchmark Brent crude climbed more than 4%, trading above $89 a barrel.
Earlier on Friday, Qatar’s energy minister Saad al-Kaabi warned that Gulf exporters might have to suspend production due to the war and that it will take "weeks to months" to restore deliveries after the Iranian drone strike.
In an interview with the Financial Times, he warned that war in the Middle East could “bring down the economies of the world”, predicting that all Gulf energy exporters would shut down production within days and drive oil to $150 a barrel.

[SomeStupidName]

The bigger issue I see with the tariffs is we applied them to the whole world. Thats isolationist policy and it forces everyone to rebalance trade.

Tariffs are a very effective tool. When you come up with a plan that can be codified, it can have real gains. So if we tariffed China and other economic adversaries, we could have worked with allies to hold the line.

We’re seeing China actually benefit as they’re getting new deals which we saw with Canada. 

People will say these are reciprocal tariffs, and in some cases they are. But in others we’re putting tariffs on countries because they have a VAT or value added tax, that is applied to all goods, not just US goods. So we’re hitting them with tariffs because they have a sales tax (just like many states).

Companies aren’t going to invest to move here when some of the tariffs are deemed illegal, and even if they weren’t a new administration would revisit them.

The plan was to make them ridiculous so everyone would want to sit down and come up with something realistic. It's cut throat but super effective. Nobody is looking to give you a fare deal until you force their hand that is how business works, extract as much as you can get away with until you can't. The trade deals we had before were too weak for us to continue we are not looking to step aside and let someone else become more powerful then us so it's time to reset the deals.

[CriticalStinker]

We have an opportunity to take out some very bad people and we are taking it, suck it up and power though it'll be over soon.

The conflict may be over soon, but really that’s just a guess. There will still be fallout.

Just like when we tariffed everyone and Chinas exports went up… Causing a conflict in the Middle East has affected the whole region and world. The oil and fertilizer market is going to hurt a lot of the globe, many of whom are our allies. 

How does that help our trade?

And if Iran was such a big threat, people would have talked about it before the summer. Hell, Vance and Miller were warning us that’s what Harris wanted to do during the campaign. Go look in this thread between July and now, why weren’t people talking about how much of a threat Iran was? Because no one really felt like it was until they needed to justify their political allies.

[SomeStupidName]

You may suck it up but.....

http://Oil prices jump after Qatar warns...o $150

don't buy from OPEC, buy from US.

[Kurokage]

The plan was to make them ridiculous so everyone would want to sit down and come up with something realistic. It's cut throat but super effective. Nobody is looking to give you a fare deal until you force their hand that is how business works, extract as much as you can get away with until you can't. The trade deals we had before were too weak for us to continue we are not looking to step aside and let someone else become more powerful then us so it's time to reset the deals.

America and the west gave the power to China by exporting all their manufacturing there for more profit in the first place.

America also helped create the Iranian regime in the first place, something America has also done in it's own back yard and never thinks of the long term consequences of it's quick fixes.

[CriticalStinker]

don't buy from OPEC, buy from US.

Oil sells at global spot price. Buying from the US just saves on the cost of transportation. 

Only 10%~ of oil we consume in the US comes from the Middle East (pre conflict).

[SomeStupidName]

The conflict may be over soon, but really that’s just a guess. There will still be fallout.

Just like when we tariffed everyone and Chinas exports went up… Causing a conflict in the Middle East has affected the whole region and world. The oil and fertilizer market is going to hurt a lot of the globe, many of whom are our allies. 

How does that help our trade?

And if Iran was such a big threat, people would have talked about it before the summer. Hell, Vance and Miller were warning us that’s what Harris wanted to do during the campaign. Go look in this thread between July and now, why weren’t people talking about how much of a threat Iran was? Because no one really felt like it was until they needed to justify their political allies.

They've been a threat since the IRGC takeover and it's been talked about for over 40 years, you just haven't been paying attention. I get that you don't like it and don't want the economic impact I just don't think the people in charge care, I know I don't care because the ends justify the means or in simple terms the juice is worth the squeeze. BTW so it's not a surprise Cuba is probably next so get those crocodile tears ready for that.

[Kurokage]

don't buy from OPEC, buy from US.

No disrespect but You seem to have a child's view of the world.

https://geopoliticsunplugged.substack.co...us-imports

Crude Realities: Why the U.S. Imports Oil Despite Leading Production.

• Why the U.S. Imports Oil: Despite being a top crude oil producer, the U.S. imports oil due to its refineries being historically configured to process sour and medium crude oils, which differ from the light, sweet crude produced domestically. This blend optimizes refinery operations, meets diverse product demands, and ensures cost efficiency.
  
  
• Refining Infrastructure Challenges: U.S. refineries were built for imported crude during an era of heavy reliance on foreign oil. Adapting to process domestic sweet crude requires costly retooling, involving changes to distillation, cracking, and desulfurization units—an investment that most refineries find prohibitive without government support.
  
  
• Shale Revolution's Impact: The shale boom has made the U.S. the largest global crude oil producer and a net exporter of crude and refined products. However, the mismatch between refining capabilities and domestic production necessitates continued imports of heavier crude for blending and optimal refinery utilization.
  
  
• Barriers to Retooling: Retooling refineries to exclusively process sweet crude faces significant regulatory and financial hurdles. Without subsidies, tax incentives, or loans, the economic case for such an overhaul is weak, making complete energy independence or the envisioned "energy dominance" that the incoming Trump administration seeks unlikely.
  
  
• Strategic Position: The U.S. remains a global energy leader, benefiting from its advanced refining infrastructure and ability to export refined products. Achieving true energy independence and especially “energy dominance” will require balancing refinery adaptation costs, regulatory challenges, and evolving market demands.
  

https://news-nest.com/2025/03/06/why-the...-produces/

Why the U.S. Both Imports and Exports OilDue to the refinery mismatch, much of the light crude produced in the U.S. is exported to countries with refineries optimized for this type of oil, such as in Europe and Asia. At the same time, the U.S. continues to import heavy crude, primarily from Canada, Mexico, and the Middle East, to supply its heavy-crude-focused refineries.
The U.S. has become a major oil exporter in recent years, shipping millions of barrels of light crude overseas. This global trading pattern allows refiners and oil companies to maximize efficiency and profitability, even if it means that the U.S. still needs to import a large portion of the crude it consumes.
Oil Prices and Refining EconomicsOil prices fluctuate based on global supply and demand. U.S. refiners often purchase imported crude based on cost advantages. If imported heavy crude is cheaper than domestic light crude, refiners will choose the cheaper option, even if it requires more processing. Additionally, since many U.S. refineries have specialized equipment for heavy crude, they can extract more valuable products from it, making it more profitable despite the additional processing costs.