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Misc This Means WAR

Arcc said:
Dang, Iran is stupid.
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I don’t know about that being “stupid”. I assume they figure their best chance to get the U.S. to withdraw even though the U.S. would still declare victory is to do anything to keep oil prices up and increase pressure at home due to inflation concerns. Even if so, Israel would likely stay in.
 
all it takes is someone else to speak up and say wheres my oil? We do not want China involved at all.
 
GaWx said:
I don’t know about that being “stupid”. I assume they figure their best chance to get the U.S. to withdraw even though the U.S. would still declare victory is to do anything to keep oil prices up and increase pressure at home due to inflation concerns. Even if so, Israel would likely stay in.
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While true, on the other hand, you are pretty much cutting off the economy of everyone of your neighboring countries which also after attacking them, may just make them want to help dispose of you so you could never do this again.
 
Trump is going to totally screw this up. Dont stop until Iran has a surrender signing and agrees to all of trumps terms. If he allows them to remain in power he is an idiot

 
lexxnchloe said:
Trump is going to totally screw this up. Dont stop until Iran has a surrender signing and agrees to all of trumps terms. If he allows them to remain in power he is an idiot

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They’ve been so honest previously! I agree with your thinking but at the same time they can’t be trusted!
 
Arcc said:
This just blows my mind.

www.yahoo.com

Transcript: Iranian foreign minister Abbas Araghchi on "Face the Nation with Margaret Brennan," March 15, 2026

The following is the transcript of the interview with Iranian Foreign Minister Abbas Araghchi that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
www.yahoo.com www.yahoo.com
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Kevin Hassett LAUGHS in Margaret Brennan’s face after she repeats Iranian regime claims about harming the U.S. economy from oil flows through the Strait of Hormuz.“There couldn’t be anything that was a stupider thing to say.”BRENNAN: “You just heard Iran’s foreign minister saying Tehran has been approached by other countries about negotiating their way through the strait.”“If that kind of negotiation happens are Americans just going to get cut out here?”HASSETT: “Well, first of all, you have to understand that America is not going to have its economy harmed by what the Iranians are doing.”[Laughs]“The bottom line is that in the ‘70s we didn’t produce much oil, but now we do.”“And so America is in a very strong position. They think that they’re going to harm the U.S. economy and get President Trump to back down.”“There couldn’t be anything that was a stupider thing to say because the bottom line is that our economy has got all this momentum in the world and we have lots and lots of oil.”“We have lots of trading partners that are more on the hook for imported oil from these guys.”“And as we can see, it’s completely unacceptable that a government that would, you know, murder 40,000 of their people just a few months ago would be blackmailing countries to let stuff through.”“President Trump thinks that is unacceptable.”
 
lexxnchloe said:
Kevin Hassett LAUGHS in Margaret Brennan’s face after she repeats Iranian regime claims about harming the U.S. economy from oil flows through the Strait of Hormuz.“There couldn’t be anything that was a stupider thing to say.”BRENNAN: “You just heard Iran’s foreign minister saying Tehran has been approached by other countries about negotiating their way through the strait.”“If that kind of negotiation happens are Americans just going to get cut out here?”HASSETT: “Well, first of all, you have to understand that America is not going to have its economy harmed by what the Iranians are doing.”[Laughs]“The bottom line is that in the ‘70s we didn’t produce much oil, but now we do.”“And so America is in a very strong position. They think that they’re going to harm the U.S. economy and get President Trump to back down.”“There couldn’t be anything that was a stupider thing to say because the bottom line is that our economy has got all this momentum in the world and we have lots and lots of oil.”“We have lots of trading partners that are more on the hook for imported oil from these guys.”“And as we can see, it’s completely unacceptable that a government that would, you know, murder 40,000 of their people just a few months ago would be blackmailing countries to let stuff through.”“President Trump thinks that is unacceptable.”
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Good ways to hedge against higher gasoline prices is to own oil stocks (which generally also pay decent dividends as a bonus) or energy mutual funds. Or perhaps buy an oil etf though those aren’t good for longer than the short term. But most people don’t because they don’t have the $ to put into these. Also, they’re the ones hurt the most by higher gas prices and that’s a lot of people. That’s not good for a whole lot of people. Plus higher gas prices increase shipping costs, which affects the price of many other things. So, for Hassett to say it isn’t going to harm the U.S. economy is very deceptive since he’s ignoring the many tens of millions of people who are directly hurt. He’s lacking empathy. The longer this continues, the more it hurts them.
 
GaWx said:
Good ways to hedge against higher gasoline prices is to own oil stocks (which generally also pay decent dividends as a bonus) or energy mutual funds. Or perhaps buy an oil etf though those aren’t good for longer than the short term. But most people don’t because they don’t have the $ to put into these. Also, they’re the ones hurt the most by higher gas prices and that’s a lot of people. That’s not good for a whole lot of people. Plus higher gas prices increase shipping costs, which affects the price of many other things. So, for Hassett to say it isn’t going to harm the U.S. economy is very deceptive since he’s ignoring the many tens of millions of people who are directly hurt. He’s lacking empathy. The longer this continues, the more it hurts them.
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And yet gas prices are still lower than most of Biden's term and there was no media panic.
 
It peaked at $5.16.

Executive summary

Available reporting places the U.S. retail average gasoline price during President Biden’s time in office in the roughly mid‑$3s per gallon range — Forbes reports a $3.60 average through early 2024 [1] while PolitiFact cites a $3.53 average through October 2023 [2] — but partisan tallies and later snapshots emphasize different slices of the record without a single, universally cited “term average” in the provided sources [1][2][3].
 
I don't think it's controversial to say if we don’t secure the Persian Gulf/Strait of Hormuz in the foreseeable future, it will likely lead to higher worldwide oil prices. That would also lead to higher logistics/shipping costs. Which also would hurt the world economy (and ours).

I think the current administration as a whole agrees with this (regarding the US economy). If they didn’t, they wouldn’t be pressuring allies to help protect oil tankers. They also wouldn’t have agreed to ease Russian oil sanctions temporarily.
 
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