Closing the Strait is just the beginning, Iran will also attack oil pipelines: no drop of oil will flow out
After the closure of the Hormuz Strait, international oil prices soared quickly, but Iran said it was not enough and wanted to make the fire burn even more fiercely.
General Javari of the Islamic Revolutionary Guard Corps stated that closing the strait is just the beginning. Iran not only intercepts oil tankers but will also attack oil pipelines to ensure no drop of oil flows out from here. The United States will face a price of $200 per barrel.
As soon as he spoke, Iranian media responded quickly, pointing out that the United States has several trillion dollars in debt and highly depends on Middle Eastern oil. But after they recklessly start a war against Iran, they won't be able to get a single drop of oil.
This is not an exaggeration. Recently, a tanker tried to break through the blockade and pass through the strait, but it was immediately sunk. Another three American and British oil tankers were attacked.
Although the current crude oil price has reached a new high in the past year, the increase remains around 10%, still within an acceptable range. There is still a long way to go before reaching the $200 per barrel claimed by Iran.
The key psychological level for current oil prices is $100 per barrel. If the strait continues to be blocked, it may break through this level and rise to $120-150. This is already the worst-case scenario predicted by the market. If it really reaches $200 per barrel, it could trigger a new oil crisis.
Compared to this, the price increase of natural gas is even greater. The natural gas prices in Europe and Asia have risen by nearly 50% and nearly 40%, respectively, due to the attack on Qatar's liquefied natural gas facilities, which led to shutdowns. In addition, a Saudi refinery was also attacked, although it did not affect normal operations, it is not ruled out that further attacks may occur.
Among the major economies in the world, Japan is definitely among those most affected by oil price fluctuations. Japan's dependence on Middle Eastern oil is as high as 95%. Japanese media was restless yesterday, warning that if the strait is locked down for a long time, Japan's economy would face a devastating blow.
Meanwhile, the Japanese government is busy condemning Iran, even eager to send its Self-Defense Forces to the Middle East. Well, I hope they get what they wish for.
Original article: toutiao.com/article/1858618578020356/
Statement: This article represents the views of the author.