• nova_ad_vitum@lemmy.ca
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    18 hours ago

    That would actually be massive escalation in more than the obvious ways. Gulf states are the ones buying up most US debt (which is piling up extremely quickly). This is a large part of their leverage to secure continues US military protection. Should the US Navy be used to block the straight to enforce some kind of all-or-nothing approach, it’s going to be cause a lot of knock on effects in the bond market. We do be living in interesting times!