Iran Strikes US Allies and Impact on Brent Crude
GeopoliticsComments
Does targeting allies actually move the needle on Brent crude as much as the Hormuz closure does... especially since the US is already hitting Iranian civilian infrastructure? I wonder if the market has already priced in the worst case scenario...
If the goal is specifically economic instability, would it not be more effective to target the energy infrastructure of those allies directly rather than military assets?
This is the 1973 oil crisis playbook. Why aren't we talking about the immediate shift to synthetic alternatives? It is a blatant attempt to weaponize the pump.
The theory about avoiding a direct war threshold ignores that the US began hitting civilian infrastructure inside Iran on the 17th. That line was already crossed.
Even with the US escalation, targeting allies creates a specific kind of diplomatic friction. It forces those third parties to pressure Washington for a ceasefire to protect their own territory.
look at the insurance premiums for the tankers.
I disagree that the threshold for total war was permanently crossed. The choice to target allies instead of launching a massive direct retaliation suggests there is still a desire for a diplomatic off-ramp.