One Liberia-flagged, two China-flagged vessels, should I wonder about this current development?
44
planetarybum1 day ago
+16
I guess their negotiations were more successful?
16
Cliff-Bungalow1 day ago
+16
I wonder who the Chinese version of JD Vance is, and if he wears a similar amount of eye makeup.
16
RowingFan761 day ago
+8
china does have a plenty of Vance equivalent but (un)fortunately without eyeliner
8
pishposhpoppycock1 day ago
+4
But do they love couches as much???
4
I_Roll_Chicago1 day ago
+16
Chinese ships have been going through the strait the whole time. The Liberian ship might have paid the toll.
But 3 ships is still like 2% of normal traffic, so this is nothing
16
Omegatherion1 day ago
+3
That's more due to the fact, that ships are mostly registered where it is cheapest. Thats why you See so many ships under the flag of Liberia, Panama or the Marshall Islands
3
avatar__of__chaos1 day ago
+3
They trade weapons
3
cogit21 day ago
+4
Nah, this is as much optics as anything else. Three ships won't dent the supply issue. My guess: Iran wants some quick media on what is getting through the Hormuz to remind the world the US failed to get an agreement and it remains in charge of which ships transit. Now it will gate everything but ships from its allied countries and demonstrate to the world the US achieved nothing today.
4
PoppingPillls1 day ago
+2
No, chinese vessels are allowed through.
2
Stand_Up_38131 day ago
+2
Maybe. The oil came from Saudi Arabia and the UAE, per the article.
2
GoneSilent1 day ago
+11
193 more to go.
11
AgUnityDD1 day ago
+7
Even if they open it long enough and all get out, the next problem is convincing ship owners and insurers to go back in when they could just get stuck there again.
7
Possible_Pop_80331 day ago
+8
Just grasping at straws here to try and get some positive news? The f*** are three tankers going to do?
8
Furious_Fred1 day ago
+4
I think the 3 tankers are bound to unload cargo.
Except if the bow falls off, which is highly unlikely. Some say one in a million.
/S
4
p3t3y51 day ago
+3
They should design them so the bow doesn't fall off!
3
Eclipzed1723 hr ago
+3
Well what was wrong with this one?
3
Furious_Fred1 day ago
+4
I heard cardboard and cardboard derivates are off for hull material.
4
jalexgray416 hr ago
+2
What about cellotape?
2
leisurechef1 day ago
+2
Did they skip the toll?
2
_x_oOo_x_1 day ago
+13
They paid it in Manpads
13
leisurechef1 day ago
+5
I’m scared to ask
5
_x_oOo_x_1 day ago
+5
It's safe to google i promise
5
AK_Panda1 day ago
+9
MANPADS are Man-Portable Air Defence Systems lol
9
leisurechef1 day ago
+5
I assumed it was something Jeffery Epstein’s best friend wears
5
p3t3y51 day ago
+1
My initial thoughts was that it was some sort of pant saver....as an elderly gent, I was scarily interested!
1
leisurechef1 day ago
+1
Jeffery Epstein’s mate was all up in it
1
RothkoPollock1 day ago
+3
Ha. Funny and (probably) accurate
3
SY012317 hr ago
+1
HormuzCoin
1
Shot-Welcome-28221 day ago
+2
Getting out while they can, shits bout to go down
2
Fli_fo1 day ago
+3
They can go in and out. Iran needs China.
3
PoppingPillls1 day ago
+4
Iran literally has said since like week two that all non US aligned ships can cross.
4
helpmehomeowner1 day ago
+1
Sir this us Listnook, these children were part of "no child left behind".
1
314159Man1 day ago
+1
as bad as things are with few ships coming out, is anyone, apart from china, going to risk sending more ships back in to fill up? anything could happen at any moment. seems like a huge risk.
1
clamorous_owle1 day ago
+1
Is the cost of tolls being added to the oil price?
1
AK_Panda1 day ago
+8
I doubt it adds much in practice. Looking around the estimate for oil capacity of tankers is ~1 million barrels. So a 2 million dollar toll is ~$2 per barrel of oil.
Given a barrel of oil is currently ~$100 and almost certainly about to climb again, it's probably not gonna change much.
Certainly not enough of an impact for it to be worth leaving tankers sitting around doing nothing instead of paying it and moving through.
8
windingsand1 day ago
+5
Companies will tell you they have to raise their prices due to the current state of the world, even if the effect is negligible. They also won’t come down no matter the outcome. Infinite growth per quarter is ruining the world and we are being squeezed. Rant over
5
AK_Panda15 hr ago
+1
The prices right now *are* going to skyrocket because the strait has been closed to 6 weeks with no end in sight. We don't even need to worry about what happens after it reopens right now, because the inevitable consequences of this closure are going to be damning.
There's a ton of structural problems with modern capitalism, but none of that matters when a shock this magnitude hits. The political turmoil and real shortages may well mean the economic systems currently in place dont survive.
1
PoppingPillls1 day ago
+2
It's roughly $1 per barrel that's an average obviously maybe it's 80c or $2 per barrel but it's negligible.
2
WholeEgg31821 day ago
+1
The oil price is based on an open market, it's purely supply and demand. So not directly, no. But the instability that the whole situation creates will hamper the supply aspect which will in turn drive up prices.
1
cosmicrae1 day ago
+1
It's functionally irrelevant. The mere fact that a toll is being charged, is political, and gives certain parties excuses they might not otherwise have.
41 Comments