What am I missing here? Can all of these Iran “experts” be so completely wrong? They tell me Iran “controls” the exit to the Persian Gulf through a multi-million-dollar exit fee (payable in crypto). But how are the ships going to get back? Is there a back way in?
Iran has no navy, so how are they going to get the empty ships back into the Persian Gulf to reload?
All of those ships leaving the Gulf will be repurposed to move Venezuelan crude.
Why wouldn’t the Saudis just build more pipeline capacity across the peninsula to the Red Sea, or to the Mediterranean through now-friendly neighboring countries? The environmentalists can’t stop them.
Typical is the commentary like this in The Hill, A “generational victory’ for Iran? Probably more like 18 months.
Keep your eye on headlines like this,
Saudi oil exports via Red Sea steady despite pipeline attack
Details,
Saudi Arabia’s oil exports through the Red Sea remain unchanged following a drone attack on a cross-country pipeline on Wednesday, according to the state-run Saudi Press Agency.
Backstory,
The pipeline has a nameplate capacity of 7 million barrels a day and serves as the only major alternative to shipping tankers through Hormuz. About 2 million barrels a day are used within Saudi Arabia, leaving a possible 5 million for export.
How much oil goes through the Strait of Hormuz? 21 million barrels. Two more pipelines and Iran is out of business, forever.
