Every single day longer that the Iran war goes on, the more the support for it fades.
…..and the risks (including loss of life) go up.
“If Iran gets lucky and takes out a tanker, or causes a huge oil leak,,,,,all bets are off on the price of oil.”
Higher oil prices cost oil consumers about $2 billion/day.
Governments (PRC, India, etc.) could buy tankers and probably Gulf crude at close to pre-war pricing.
The Iranians would have to sink 10 $100 million tankers carrying $100 million in crude each and every day to be as costly as doing nothing.
Smaller and older tanker might be bought and used for a smaller financial risk.
Tankers can be sent through the Strait unmanned under autopilot.
“Every single day longer that the Iran war goes on, the more the support for it fades.”
31 Iranian refineries + 31 Israeli missiles = Good times for Iranian shoe repairmen
The Institute for the Study of War claims Russia is having severe gasoline shortages.