re: #295 Bubblehead II

Actually it is a two way street. Iran can close the Straits to outgoing traffic, but in doing so it also risks having all incoming shipping to Iran blocked as well. Since they get most of their refined petroleum products (gasoline) as well as other imports from incoming ships, it a bit like cutting your nose off to spite your face don’t you think?

Which is why I think it important to note it’s not in a vacuum. The threat to close is a case of “if we can’t get our stuff, why should we let anyone else get theirs?”

It’s forcing them onto desperate ground.