The fact global shipping now treats “possible closure of the Strait of Hormuz” as something that can be worked around is honestly kind of insane on its own.
The fact global shipping now treats “possible closure of the Strait of Hormuz” as something that can be worked around is honestly kind of insane on its own.
then what is the fucking problem?
This is a really shoddily written article. Bad. Basically he’s saying that fuel costs will remain high and from a business standpoint the risk doesn’t go to zero just because Trump says everything is rainbows. Therefore shipping faces increased costs, which raises prices for consumers, which hurts demand, which lowers shipping volume. And that systemic slowdown doesn’t disappear overnight because Trump says yippee.
I think. If the article weren’t total shit, maybe it would be clearer.
The billionaires are telling us we will continue to pay the increased costs. Prices never went back to normal after lockdowns ended. They are doing the same shit.
Fuel/oil Maersk, if I recall, does container shipping and has other ways of moving boxes, but all of them burn fuel
And oil isnt moving because the straight is closed.
Yes, so you’d think that reopening the strait should help. Maybe they just mean not right away? It’s unclear.
Its a bs, pr piece to tell everyone the increased cost to the rest of us is here to stay.
Yeah all tankers are now on the way to Americas, because they have oil too. US shale oil is now profitable for instance, they can ramp up production in a month or two and been doing that