Macro economic impacts of Iranian n Russian petrol products and sanctions

[rainphakir]

Interview with a guy purported to be an expert in oil n gas from ME, Iran, Russia, OPEC+, etc.

Says Hormuz “closure” is FUD. Promoted by those who stand to gain financially from the FUD.

Sanctions on Russian oil were DESIGNED to fail.

Chinese are stock piling oil, and have months in reserve. They can withstand Hormuz closure … Or sanctions. For months.

Chinese have observed the US West sanctions on Russia n Iran.
Chinese are developing all sources of energy … PREPARING for war or sanctions.

Russia’s Big Pivot on Oil Just Got Sabotaged

Is this more FUD?
IDK. I suspect the real truth is in between the “positions”.

It’s an “outside the western media POV”.

ralph

[Leap1]

There will be flair ups but Trump and Xi have resolved not only trade but the economic cycle. That reduces global instability and puts attacking Taiwan on the back burner for China. It is unlikely that China and the US go to war.

The issue now is the US budget. I think it is all wrong for the times. The globe is going to get into major economic troubles.