UK gathers more than 30 countries to plot ways of reopening the Strait of Hormuz

if you compare him to a c*** he's a half-eaten ham sandwich from a tramp's tent. happy cake day.

Friendly reminder that in much of the Anglo-sphere trump already means fart. The jokes write themselves

Trunt?

He falls into the dog c*** category for sure

For PG audiences we'd also accept shit-bloke.

Afaik Iran has said they will only take the Yuan.

US need to leave the Middle East, pretty simple

The US has already claimed that is a valid way to deal with a criminal world leader

We can conspire but we’ll also have to connive, no conspiring until you finish your conniving

Okay, as a treat only this once, because we’ve been a very good scheming, plotting, conniving cabal this year

Final Excursion 

Not in navigational terms, you plot a course (through treacherous waters). It’s a perfectly apposite verb.

I believe one of Iran's aims will definitely be that any of their oil sold will no longer be sold in dollars.

That would be a major blow to the US, I imagine something like that would be required by Iran. If the strait opens up the US no longer feels pain of prices continuing to rise, to the same degree anyway. So they will need another lever

I’m not really sure if they even want that. A stronger euro would further hurt their exports, which have already taken a massive hit due to the tariff turmoil. This is the same reason I don't even think China would want to trade oil exclusively in yuan. They rely pretty heavily on being a c**** manufacturer.

I'm imagining a collective letter: "Dear Iran, We've had our differences in the past...Well, the present as well really...But the important thing is that we all agree that America is being a d***, and we don't agree with their attack on you. Please may we have ~~our ball back~~ some oil again? Love, Everyone that isn't America"

If by that you mean leaving them completely alone with their massive human rights abuses without lifting a finger, or putting a stop to their spy mosques and other forms of aggression and not hosting regime critical Iranians or Jews on your soil, then sure. When Sweden convicted Hamid Noury to life in prison for abetting the execution of thousands of political prisoners in 1988 Iran kidnapped a Swedish diplomat to blackmail us (and succeeded) to get their butcher home safely. They try to commit assassinations on Swedish soil against regime critical dispora Iranians. They have a huge mosque in Stockholm that works like a spy center and radicalization factory. The Iranian regime are massive cunts to everyone who isn't their friend, and they are pretty cunty towards them as well at times. Anyone worth their title of human being wouldn't want to walk within a 100 miles of a friendship with that disgusting regime, it's one of the worst ones in the world. Unless you say thumbs up to their horrific nightmarish and brutal rule they are going to f*** with you in various ways.

They're not eroding their softpower, Trump is literally pissing all over it because he doesn't understand it. The lickspittle that is the US Congress, Senate and Supreme Court are equally complicit, they just haven't been able to overcome the stage-fright when they got too close to the urinal. So they sit and wait for someone else to go first.

I mean, it would predominantly raise transaction costs in the short term. It would basically let oil move, but it would move slower and with more micro disruptions to supply. A lot of asia would have to renegotiate trade deals. Europe would too, and would likely pay a higher price. This would still affect the US just by virtue of shifting global prices upwards. Short term dollar demand would actually increase as people search for liquidity. Basically, it makes it more expensive for everyone (asia most, followed by europe, followed by US). Dollar erosion would occur further out on the horizon.

Agreed, they've literally gone to war for the petrodollar

Wouldn't you agree that the strengthening of our currency is due to the fact that the US dollar currently remains the world reserve currency? What they are suggesting is that using the euro to purchase oil would directly harm the US dollars status as the world reserve currency. Thus increasing the strength of the euro relative to the dollar. I believe they were assessing future impact in respect to the world oil dynamic changing and you are assessing past impact of the current system in place.

Portfolios park in dollar cash and bonds because they still believe in US economy. In times of chaos most stable thing is in demand. God help us all if this trust erodes. Bad things will happen. And collapse of petrodollar would certainly be a leap towards it.

Not just South Koreans. Most Asian countries despise China.

They'll do whatever they can to get global shipping back in order. Military force is off the table, but I can see NZ sucking anyone's toes to get it done. Problem is that every country is different. NZ lacks meaningful storage, and we're at the end of the supply chain. We basically need boats moving here consistently otherwise we're fucked. Our strategy is pretty shit, but that was decided slowly over decades and can't be fixed now. If the EU and these other countries lack the power required to unlock the Strait, I can see them silently standing against the US, hoping to not get noticed, and for things to just work well enough to get by. Really looking forward to the earthquake we get in 2 months time. National resilience is basically non existent because we don't value these things. We're going to cut ourselves to survive, as is tradition.