Oil tops $116 a barrel as Iran accuses US of preparing invasion

Negotiations. Trump has attack Iran twice while in the middle of negotiations.

Did Trump tweet out all our plans by any chance or did Pete accidently include Iran leadership in the text chat

Probably the orange idiot threatening to do something drastic too I would guess.

This time it's also been the strippers near military bases, who are saying young guys are coming in blowing all their money, because they'll soon be shipping out. 

"I meant €115"

People in that sublistnook are insane. "Dont you guys know the president doesnt control oil prices?" my brother in christ this is THE ONE OCCASION where it is DIRECTLY HIS FAULT.

Oil reached $100 a barrel in 2007, which is $150 in today's money. Honestly, I'm kind of shocked it's not yet more than that.

In France, it went from 1,80€/liter to 2,26€/liter in rural areas and up to 2,50€/liter in rural areas. It’s crazy.

Here in Australia it’s the equivalent of over $9USD per gallon for diesel .

The US has already showed it is completely unprepared to defend against drone warfare, despoite all of the opportunities they had to observe new warfare dynamics in Ukraine. We can't keep our bases safe. It's going to be a bloodbath when American troops are on the ground.

I’m extremely interested and worried about what the people and governments reaction is going to be if/when the initial invasion of Kharg island is repelled or possibly fully wiped out. The same thing happened when Russia attempted to take over the Kiev airport during the initial invasion. Of the paratroopers involved in the initial attack, around 1/3 to 1/2 of them died. This time around Iran has a better understanding of drone warfare and a much better idea of exactly where the USA will attack. I would guess at least 1/5 of the soldiers involved in any Kharg landing will die, which could be over a thousand people.

Actually with one objective, open the straight of hormuz. Which of course was open before they started this war, masterclass

It’s one great big distraction and it’s working. Mission accomplished

20 years of fighting a wildly asymmetrical war against desert goat herders in flip-flops does that. They truly believe they can just wipe a whole ass country with a single platoon and be home for dinner. If the russo-ukranian war did not teach them that modern wars against a near-peer adversary, they're in for a rude wakeup.

Coming from a 6 year old

No way Iran accepts the same terms as Obama’s deal when Trump is the person who blew up that agreement in the first place. They’re going to demand more concessions or guarantees, especially if they’ve shown holding the world economy hostage can force the US to the bargaining table

And it'll be a worse deal for the US.

Obama's deal took years of ground works, cooperation between multiple countries, acceptance of intrusive nuclear inspection, all for some sanctions to be lifted gradually. It's only designed to reduce nuclear threat in exchange of sanctions relief. The Ayatollah agrees to it and helps to push and promote it within the country. They see that US won't ever get baited into invading Iran. Unilaterally occupying Hormuz will be a huge act of aggression in any normal time, and it's difficult to make people have hope when they still get sanctioned. Israel is angry about the deal because it helps funds its enemy, Saudi does not like it because it views Iran as existential threat, and Iranian hardliners does not like it because it concedes their rights to "the enemy". But it eventually get passed by both sides and the agreement starts. Trump scuttled the deal and prefer 'maximum pressure'. He wants to ramp up the deal to be basically "no nuclear at all", "remove all your proxies", "swear off longer-range missile program and keep it capped", on top of Obama's deal of constant inspection. In light of this war, he also added "no more using Hormuz as leverage" and "no more attack on any energy infrastructure". What is that if it's not complete capitulation? And Trump seems to truly think that after Venezuela, he can just mulligan negotiators by force, find someone more submissive, and Iran in general will not dare to defy US and its mighty fleet. I mean, they warned US base after Fordow retaliation. What's that if it's not fear in Trump's mind?

yeah but the public pays yet his friends profit

We? 

Doesn’t matter if it’s $6b, just an opportunity to make announcements that manipulate the market that core republicans front run to line their pockets. Tax paying chumps will pay the price.

More of trumo achieving precisely the opposite outcome as he intended. He’s a pro EV, pro WFH, pro renewable energy president through aggressive incompetence.

Oil is used for so much more than just transportation and energy. Everyone focused so much on oil that they forgot that LNG is also a major export that got halted which is used for both energy and fertilizers that the world needs to actually grow enough food to satisfy the world. And do not forget about cooking OIL, Machine OIL, and even PLASTIC that also comes from Oil. Basically, it might even be more fucked-up than Covid, and this time there is no sense of solidarity of everyone suffering from same thing and because of (mostly) natural cause.... This is entirely by choice, and there is no vaccine to suddenly rebuild everything destroyed in Middle East quickly. Travel rebounds back quickly after vaccine is deployed, mortality rates reduced to acceptable rate, and countries opening-up too. If you think that Covid shortages are bad, wait until all the factories in Asia starts winding down too due to energy shortages, which is where all the computer chips needed for WFH and datacenters supporting WFH comes from. When Covid happens, there is a distant end in the tunnel until the vaccines are deployed.... the only quick end on this tunnel is US withdrawing almost immediately, which is basically impossible because US started this. No Gulf countries will accept Hormuz toll booth and Israel also wants to take South Lebanon for now since Iran does not seems to will capitulate soon.... US is now stuck in escalatory ladder, since the alternative is complete destruction of US's supreme power myth, and end of LOTS of political career.

All WFH did was show companies more jobs that could be outsource to india. WFH means Work from anywhere... while I enjoy my WFH job I lost my previous one to Shitty Infosys contractors who continue to f*** up the simplest IT task.

This will reduce demand for oil by what? 5%. in America. The rest of the rest of world needs oil and gas and fertilizer and Helium to do everything else Americans are too lazy to do.

Cheers!

There is still some hopium left in the market. As soon as reality lands it will be different.

What is that childless 70 yr old doing wandering around Disney World?

Trump is an asset, Putin’s puppet doing great work for him. Oh and Israel too, can’t forget about them.

As much as it would hurt, and as much as it pains me to see ordinary people suffer for this, anyone who voted for Trump needs to learn their lesson. And this is probably the best way to do it. The God, Guns, and Oil crowd needs to suffer for this.

That will happen when the actual invasion begins

Reading comprehension not your strength huh? American doesn’t have “boots on the ground” yet. Since it wasn’t obvious to you, that is what Iran is referring to dingleberry

Eh. They saw it. This is just the official public warning message because they are prepared to escalate the war if they actually go through with ground invasion. They will then have excuse to do so after US escalate first. Maybe they will destroy Saudi's pipelines and close Red Sea using Houtis too. If Iran can't export, nobody can export oil. This is what proper modern country do when preparing for war. Excuses, justifications, laid out in public first. But current Trump admin seems to think that's just weakness and prefer surprises and "unpredictability" instead, couple that with backstabbing "naive" negotiation partner. Y'know, like mafia.