Counterfactuals are hard to estimate but had the US and Britain not engineered a coup in 1953 to grab their oil they might have had friendly relations with US and its allies today.
Don't discount that the US foisted Saddam Hussein and his chemical weapons on Iran's population. They lost some 20 to 30 thousand civilians to chemical weapons attacks. Yet never once counterattacked with chemical weapons.
The assassinated Khamenei even had a fatwa declaring weapons of mass destruction to be un-Islamic.
No one is innocent in this world, but I can certainly understand why Iran feels the way it does and I find it justified, in the sense had I been born there I probably would feel the same way.
Recall Iran was the only middle-eastern country that supported the UN resolution forming the state of Israel.
US interference left them with a bad taste in their mouth. No wonder they do not like the US and their partners in geopolitical resource grabs.
What is your source for saying they are funding attacks? I know people on HN aren't stupid enough to fully believe everything Isreali and American media tells them so what's your source?
If he was serious about tracing the roots of terrorism he would have landed up with Saudi money and Pakistani training. Those two are the major powerhouses of terrorism.
Citizens of the US and its vassal states are quick to ignore that. Most are too lazy to exercise critical thinking.
Ras Laffan LNG complex in Qatar
Ras Tanura oil refinery in Saudi
drone attacks on Saudi oil fields
Ruwais refinery in Abu Dhabi
Shah gas field in Abu Dhabi
port of Fujairah
Bapco oil refinery in Bahrain
There is no point talking with these people. It's hard to explain how much the overton window shifted for Israeli-Khaleeji cooperation after the past few weeks, and after the strikes that have been hitting the Gulf.
The tone has shifted significantly that even KSA is now saturating WhatsApp, Snap, and other Gulf heavy media with anti-Iran and pro-Military Intervention ad campaigns [0][1][2], with a tone I've been noticing is similar what I saw in Israel right before 2014.
Anti-Iran sentiment was already prominent after the Houthis and the insurgency in the Eastern Province a decade ago, but the sentiment has now become extremely hardened.
The tone shift is similar to what happened to Saddam way back in the 90s and 2000s. MbS is trying to position himself the same way King Abdullah did during the Gulf War and Iraq War.
Some airlines are cancelling flights left and right, others are jacking up the prices. If the war keeps going on into the summer, there's going to be some very obvious consumer-facing issues. From gas prices, very expensive travel, price hikes in logistics, you name it.
Stockpile (some) gasoline now because retail price shocks haven't hit yet because it takes time to ripple through the supply chain and commodity market-goods delivery price differential is in flux until supplies dry up. Supply impairments will last 1-2 years because around a dozen billion-dollar petrochem facilities have been physically destroyed and will need to be manufactured again in distant lands like Italy.
The buried lede: Israel did an unprovoked attack on Pars and Iran immediately retaliated by attacking QatarEnergy, which has major LNG partnerships with US oil companies.
I don't get why the prices jumped so much - looks like panic and hoarding because:
- The Middle East produces roughly 30% of the world's oil
- But about 20% of total global oil consumption flows through this strait (less than 30% because of of domestic consumption and some pipelines avoiding strait)
I would understand if prices increases e.g. 50% but like more than 100% seems like a panic or manipulation
Have seen social media chatter of isolated shortages in two countries already.
Hard to tell whether that’s just background noise that is just getting more airtime play thanks to Iran or whether it’s the first sign of bigger trouble.
“Oil and gas prices jump after US-proxy Israel attacks Iranian gasfield infrastructure, and after Iran responds in kind after having promised to do so.”
is a headline that reflects reality and doesn't finesse the details -- I should really become a headline writer, I'm clearly better than whoever is employed by The Guardian.
At the very least it should be "Oil and gas prices jump after Israel and then Iran attack gasfields"
Putting Iran first might lead some to believe this was Iran-initiated, which of course is probably the intention.
It will probably go back up to about 5 grams of Gold per barrel, which was the past peak, and hold there.
More troubling if you're paid in dollars, the end of the Petrodollar is likely now on a very accelerated timeline. Based on history, I expect a 60-80% drop in our standard of living when that happens.
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after Iran and Israel attack gasfieldsAfter Israel attacked gasfields and Iran retaliated. Iran didn't start any of this.
Don't discount that the US foisted Saddam Hussein and his chemical weapons on Iran's population. They lost some 20 to 30 thousand civilians to chemical weapons attacks. Yet never once counterattacked with chemical weapons.
The assassinated Khamenei even had a fatwa declaring weapons of mass destruction to be un-Islamic.
No one is innocent in this world, but I can certainly understand why Iran feels the way it does and I find it justified, in the sense had I been born there I probably would feel the same way.
Recall Iran was the only middle-eastern country that supported the UN resolution forming the state of Israel.
US interference left them with a bad taste in their mouth. No wonder they do not like the US and their partners in geopolitical resource grabs.
Citizens of the US and its vassal states are quick to ignore that. Most are too lazy to exercise critical thinking.
The tone has shifted significantly that even KSA is now saturating WhatsApp, Snap, and other Gulf heavy media with anti-Iran and pro-Military Intervention ad campaigns [0][1][2], with a tone I've been noticing is similar what I saw in Israel right before 2014.
Anti-Iran sentiment was already prominent after the Houthis and the insurgency in the Eastern Province a decade ago, but the sentiment has now become extremely hardened.
The tone shift is similar to what happened to Saddam way back in the 90s and 2000s. MbS is trying to position himself the same way King Abdullah did during the Gulf War and Iraq War.
[0] - https://m.youtube.com/watch?v=-u2DYl0FQ-M&pp=0gcJCcUKAYcqIYz...
[1] - https://m.youtube.com/watch?v=fujoYIjeS-I
[2] - https://m.youtube.com/watch?v=LhdqEB4dKgc
- The Middle East produces roughly 30% of the world's oil
- But about 20% of total global oil consumption flows through this strait (less than 30% because of of domestic consumption and some pipelines avoiding strait)
I would understand if prices increases e.g. 50% but like more than 100% seems like a panic or manipulation
Hard to tell whether that’s just background noise that is just getting more airtime play thanks to Iran or whether it’s the first sign of bigger trouble.
is a headline that reflects reality and doesn't finesse the details -- I should really become a headline writer, I'm clearly better than whoever is employed by The Guardian.
At the very least it should be "Oil and gas prices jump after Israel and then Iran attack gasfields"
Putting Iran first might lead some to believe this was Iran-initiated, which of course is probably the intention.
More troubling if you're paid in dollars, the end of the Petrodollar is likely now on a very accelerated timeline. Based on history, I expect a 60-80% drop in our standard of living when that happens.