Israel and President Biden have discussed attacking Iran’s oil refineries. What then?
Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
The Wall Street Journal reports Oil Surges After Biden Says U.S. Discussing Israel Attack on Iran Facilities
A rise in oil prices intensified Thursday after President Biden suggested that U.S. officials are considering whether to support an Israeli strike on Iranian oil facilities, a move that could push gasoline prices higher just weeks before the presidential election.
Benchmark U.S. crude jumped 5.1%, to $73.71, its largest one-day gain since the early stages of Israel’s war on Hamas a year ago. The tremors weighed down U.S. stock indexes and left investors scrambling to understand the potential fallout of a broader war.
Asked if he would support Israel attacking Iran’s oil facilities, Biden replied, “We’re discussing that,” before adding “I think that would be a little…” and trailing off.
We’re Discussing That
Biden Video Link in case above Tweet does display
Other Reactions
As you can see, there are extreme views in opposite directions.
$WTIC Light Crude Daily
There is almost no technical information in the above chart. On the other hand, the monthly chart provides an interesting view.
$WTIC Light Crude Monthly
A descending triangle is a bearish formation. The expected break would be for lower prices.
Pump Prices Resume Falling, But For How Long?
Despite the jump in oil prices over the past few days, prices at the pump have not risen.
The AAA asks Pump Prices Resume Falling, But For How Long?
“Despite the threat of war and a hurricane season that is still percolating, domestic gasoline prices are edging lower,” said Andrew Gross, AAA spokesperson. “There are now 18 states east of the Rockies with averages below $3 a gallon. And OPEC+ is saying, at least for now, they will increase production starting December 1st, putting even more downward pressure on pump prices.”
That is the recessionary outlook based on falling demand.
However, a major supply disruption would change the fundamental and technical outlook, at least temporarily.
For all the chatter over a possible attack, the market does not seem all that concerned, at least yet.
What is the downside to the world if Israel takes out the Iranian nuclear facilities. No short term impact, and long term it’s in everyone’s interest
I support Israel so I’ll support $5 gas to wipe out Iran.
The most universal point made above is more generically applicable over the last couple years–“For all the chatter over <insert any normally large market mover event here>, the market does not seem all that concerned < ,at least yet>”. Nothing has deterred this unrelenting market moving significantly higher. 6 Interest rate cuts that never materialized, 1 interest rate cut that did materialize, another 50bps of cuts that were supposed to materialize after the latest but now may not, the jobs numbers up, the massive revision down, the locked up housing market, the election outcome, the war in Ukraine and billions in aid, the conflict in Israel and billions in aid, the political movement in Europe, the political movement here, the wide open border and all it brings, the labor shortage, the massive inflation, the demographics of the retiring baby boom…..
One thing is clear, the market seems to believe moar money will be printed whenever necessary and they will be the benefactors.
Forgetting oil prices, Iran and conflict, what happens if the 200%+ over 4 years housing market deflates or if this ATH market up like 60% over 12 months even remotely faces bear market correction which is long overdue after this runup? That’s a lot of perceived American “prosperity” that is in jeopardy and that impacts the macro economy a lot more even than the price of oil/gas, the energy lifeblood.
I haven’t felt like this since 2008 but that’s a time that a large swath of Americans in homes and stocks never experienced. Even if you’re 35 you don’t really recall that period since you were likely young and not yet in a career, house or stocks. It just feels like “get your popcorn” and I don’t know why. Todd Harrison’s cat metaphor applies if anyone remembers the Minyanville creator.
But the betting money seems to be on nothing matters any more.
Great analysis Mish. I appreciate you bridging the gap between politics/foreign and domestic policy with the subsequent secondary and tertiary effects on the economy. Any thoughts on a longer term macro view with what a socialist dystopia vs a fascist quasi theocratic administration would be? I can’t believe that these are our choices…
If Israel attacks any of Iran’s oil facilities, it will likely start with their internal energy infrastructure. This inflicts damage on Iran without affecting their exports and causing a price spike before the US election. I imagine the Biden Administration is pushing for such restraint at this point in time.
Iran does not want to escalate this conflict to the point where Israel destroys their oil export abilities. Which is why Iran wants their proxies to do the dirty work for them.
However, if things escalate to the point where Israel destroys Iran’s ability to export oil, then that is 2 mbpd that goes offline. Plus 1 mbpd of condensates.
What other sources are available to offset this?
Libyan exports just came back online of 0.7 mbpd. So that helps.
OPEC already has plans to return 2.2 mbpd that they are currently withholding from markets, beginning in December. Originally this was going to start to come back in October, but was postponed 2 more months as the market was already well supplied.
In addition, OPEC has another 3.66 mbpd of other cuts that they have no plans to bring back yet. But which could be brought back if necessary.
US production could easily be bumped by 0.5 mbpd as could Canadian. Combined that’s another 1 mbpd.
The US has also been refilling the SPR with 40 mb in the last year. They could free up 0.1 mbpd just by pausing the refill. And they could also start to pull some oil out again.
The threat of losing Iranian oil has caused a short term spike in oil prices, but I don’t expect it to last for months or years, because there is ample supply to offset that loss.
For those who are interested, I will add a link to an article that discusses 10 significant new oil fields coming on line in the next few years. Notice that 5 of them are in Canada and are owned by companies that I frequently mention here.
https://www.offshore-technology.com/data-insights/global-top-ten-upcoming-oil-fields/?cf-view
Over the last month I was buying the dip in oil prices that resulted from a lot of speculative shorts. This week I was selling a good chunk of that. Gotta love the volatility. Take advantage of these swings, because they will keep happening.
Cheers!
If Iran goes offline from attack I’d expect Saudi Arabia to also go offline via attack by Iran plus who knows how much else goes off line via closing sea lanes etc. I imagine it would be a lot more than just 2 million barrels a day.
Anything is possible. But any significant strike on Iran would also cripple a lot of their military abilities. And their nuclear program. And they are aware of that. Which is why they don’t want to escalate to that point. And why they are funding proxies to do their dirty work.
And without the oil money rolling in, they couldn’t afford to keep funding their proxies to continue the battle.
Not to mention the world’s largest oil importer, China, wants the oil to keep flowing even more than the US. 11mbpd. They would quickly get involved to keep the oil flowing.
Re: China quickly involving itself substantively in the dispute….No, they would just buy more Russian oil than they currently do. And loudly point to America’s own actions as the reason they are making such a large increase.
That’s not how the world works Ron. Thinking, wishing or saying something, doesn’t mean it can happen.
Russia produces just over 10 mbpd. It uses just over half of that and exports close to 5 mbpd. Most of which goes to China already. They don’t have more to export to Chiina.
China gets the rest from Saudi and Iran.
World’s largest exporters:
Saudi: 7 mbpd
Russia: 5 mbpd
Iraq: 3
Canada: 3
Iran: 3
This is exactly why 4D Chess partner to Trump has strategically placed army’s around the World in areas where oil resides, and is ready when and if needed to assure His Country has what it requires.
One thing China doesn’t mess around with, is their people’s happiness, and it doesn’t take much. They shovel whatever is necessary at them, to keep them quiet. Of course they will clamp down if needed, but hardly the preferred option by both sides.
Oil is the life blood of China and its vast society, and Billions rely on it daily. Oil will flow freely somewhere, and with enough for China and it’s people, or they will take it by force if necessary imo.
World’s largest oil exporters:
Saudi: 7 mbpd
Russia: 5 mbpd
Iraq: 3
Canada: 3
Iran: 3
China gets most of its oil from Saudi, Russia and Iran. The only country with any spare capacity is Saudi.
Which other countries will it force to send the oil it needs?
Iran of course, and they won’t just ask for it, but make a deal with them. Something like we get this amount, and you get this amount. That or none for them.
Iran has an abundance of oil and sell most now. Those other buyers can look elsewhere, and/or Trump will help them out, one we are drilling again perhaps?
I do know, that China will get the energy they need, one way or another. The other option is the same result, but in their own Country…
Sorry. The question Mish asked was what will happen if Israel attacks Iran and wipes out their ability to export oil. The answer to that question cannot be more oil from Iran.
PapaDave
You write as if it was a simple matter to replace one source of crude oil with oil from another source. Not all sources produce and distribute the same type of oil.
Your comment reads as if taking out a large source of station wagons can be easily replaced by increasing the output of Ferraris from other sources of cars.
Eg: if you are American, the portfolio that you mention that you have is probably managed by you on the basis of published Brent/WTI pricing. Both of those are comparatively light and definitely sweet crude. On the other hand Iran’s (and Canada’s) exports are based on almost entirely on heavy sour crude. The pricing for both types is inter-related but not identical.
And who is well situated to replace the Iranian heavy sour crude because they have massive amounts of it, ample processing facilities, an already established available tanker fleet, existing commercial channels to manage the process and good relations with the main customer (China) of Iran’s output? Russia. Who does not have all those steps available in the supply chain? The West.
OPEC wants the West to be a crude oil price taker so count them out in your scenario where they are deemed eager to rush in and help the West fulfill its goal of being the price maker for crude.
Pretty much agree with everything you just said. I was just pointing out who had some capacity to increase production.
So why did you say that China would just get the oil from Russia? When they don’t have any more to give?
Thanks, an excellent round up of the alternative supply if Israel is silly enough to target Iranian exports.
It would be taking offline about 23% of the world’s oil that passes through the Gulf and although it would be temporary, it’s enough to screw the world’s economy up for a while. There would be little to gain for Israel in this. On the other hand there is much to gain for Israel to attack the places where the missiles are fabricated and the placements where they are fired. I am sure Mossad has these areas mapped out. Destroying Iran’s ability to export oil would be like using a club when what you need is a scalpel.
Agree. Which is why I said Israel is more likely to target internal oil infrastructure rather than export infrastructure. However, I also took a look at where we might get replacement oil, IF Israel attacked Iran’s export infrastructure.
Well stated as usual Papa, and thanks for your insight, as it’s always welcome! You mentioned the SPR, but shouldn’t we fill that entirely back up and leave it full, given the current energy situation, that we seem to be encountering daily…
Also in regards to energy, what is your current take on Why “The Harris Administration” won’t open up more drilling. If not for use now, how about a few reserve sources tapped and ready to go if needed? This certainly won’t be the last gas/oil shortage we encounter in the coming months and potentially years, depending on what occurs over the ensuing months…
Hi Stu. Regarding the SPR:
When Biden came into office the SPR was already being reduced by 20 mb each year by an act of congress. The reasoning behind this act of congress was because US oil production had doubled from 6 mbpd to 13 mbpd and we were close to being self-sufficient in oil. So the SPR was not as important as it used to be and could be slowly reduced.
After Russia invaded Ukraine and oil prices spiked to $120, Biden announced additional SPR withdrawals of 1 mbpd for 180 days, I thought it was a bad move that wouldn’t make much difference to the $120 oil prices at the time.
I was wrong. It turned out to be a good move that helped lower prices to the $80s. That was from Oct 2022 to April 2023. The average sale price was around $95.
Biden began refilling the SPR in July 2023, for prices in the $70s and has added about 3 Mb per month. They have refilled 40 mb so far, and at 3 Mb per month it will take another 4 years to replace the entire 180 mb.
Biden has cancelled the planned annual 20 Mb reductions and has contracted to completely refill the 180 mb he withdrew. But he has not contracted to replace the previously withdrawn amounts that congress initiated.
The question now is whether we would tap the SPR again if prices spiked due to a conflict that disrupted world supplies. There is currently 383 mb in the SPR.
Another question is whether we should try to completely refill the SPR to its 714 Mb capacity? Or should we resume the congressional withdrawals and empty it? Or should we try to keep a certain balance in the SPR and what should that level be?
Regarding drilling: this may disappoint you, based on how you phrased your question, but whatever restrictions the Biden administration has placed on the oil industry have not had any noticeable impact on US production.
We are producing record amounts of oil and gas. More than at any time in our history. We are number 1 in the world. And companies have many years of reserves left to drill. There is no noticeable shortage of places to drill. Perhaps in another 5-10 years they will begin to run out of good targets. And by then, another administration will open up previously restricted lands.
US oil companies drill as many wells as they believe are necessary to produce the optimum amount of oil that they can get to market. They also drill DUCs, Drilled but UnCompleted wells to prove out reserves.
They also acquire lots of land with oil that they will drill later, which adds to their future drilling inventory and reserves. And right now, US companies are becoming so efficient with the drilling they do that they keep producing more and more oil while drilling fewer holes.
Israel has three possible targets: Leadership, nuclear & oil.
My bet is they leave oil alone and go after leadership & or nuclear, if they attack.
Obviously, a successful decapitation attack probably would be the most escalatory but would create the most short-term chaos that Israel could then leverage.
If they go big, it makes more sense to go after the Ayatollah and their nuclear program.
Oil is simply low-hanging fruit which they can go after anytime.
The Supreme Leader & the nuclear black sites are the real prizes.
They also have military targets. As in all those locations that missiles are stored/launched from plus the factories that make them. Those should be the prime targets.
Going after nuclear is VERY risky because if a Chernobyl like incident happens the whole world suffers because radiation goes everywhere and would be forever. There is a reason Russia and Ukraine have avoided fighting near nuclear power plants.
? Ukraine was shelling the Zaporozhye Nuclear Power Plant for months and was probably aiming to take over the one in Kursk – which was the only reason to enter Russia other than to give Lindsay Graham a tiny boner.
If you are shelling a nuclear facility for months and haven’t destroyed it, what does that say about the quality of the Ukrainian army or their shells?
A nuclear facility is a large immobile set of buildings. If you haven’t hit it and destroyed it in the first couple of hours of targeting it you might want to consider replacing the guys launching the shells.
I wonder if the ’24 election enters into Israel’s calculus? Destroy Iran’s energy sector, oil & gas prices go out of sight = Ms. Harris loses to Trump who is more favorable to Israel.
The Israel lobby has the entire US government over a barrel. It doesn’t matter who is more favorable. Trump would never face election again, so he might not kiss Israel’s ass as much. Who knows? Netanyahu will do what he thinks is best for the Greater Israel project, and I don’t think he cares much who wins the presidency.
I think the election will be decided in the middle east.
Geography is difficult. If Iranian oil facilities are attacked by Israel alone, it would ideally be through Saudi airspace, which makes SA complicit. Iran would have reason to retaliate against Saudi oil facilities, when her oil facilities are destroyed.
My humble opinion is that when it theoretically ends, the FED will far exceed its inflation target.
Israeli subs and navy seals can do a lot of damage to Iran oil facilities. The impaired 85Y Ayatollah Khamenei is scared to death that he will end up like Nasrallah. Bibi might keep him in hiding in the bunker for at least a month, beyond the Nov election. No rush. Meanwhile SPX might get a heart attack.
The Russians will profit thereby indeed.
If they hit Karg Island then Iran will close the Strait of Hormuz which they can do. Iran and the Arab kingdoms are holding each other by the beard with Israel holding the cards. All parties, Iran included, would prefer that Israel bomb Iran’s nuclear facilities than to bomb Karg Island if they are going to bomb anything at all. Personally I think Israel knows bombing Iran would not produce better results than what they are doing now, that is destroying Iran’s allies and showing them that Iran can’t do anything to help them as well as sowing distrust and confusion into the leadership ranks of Iran’s leadership.
yes !
If Israel attacks Iran directly, they’ll probably close the Strait of Hormuz no matter what. That’s what makes sense for them. They’d want their to be global outrage with some of it pointed towards Israel.
That would be the sane approach. With Biden and Netanyahu anything is possible. He!! rumor has it the U.S. military was the cool head when Biden wanted to give long range ballistic missiles to the Ukes.
Well we know the Blinken-Nuland cabal is uncool.
Correct. Just keep plugging away at the leadership of Hamas, Hezbollah and then the Houthis until you get the majority of them. That will buy at least a decade of peace while they attempt to reorganize.
On the other hand I would target any Iranian military facility I thought I could get to simply to reduce the ability to send future missiles.
If Karg island goes and the straight get closed or Iran simply bombs Saudi facilities as they threatened to do then Japan, China and Europe are in a world of hurt as their economies would shut down over night.
No economy would “shut down” because Iran oil, or the Hormuz strait, went dark. The price to run the economy might increase.
Ive heard that Iran’s recent missile tirade was only just enough to demonstrate their capabilities. They do indeed have hypersonic missiles that can get through the iron dome and get through the defenses of any US aircraft carrier. Maybe a whole lot of them. They could shut down the port where Israel receives all their oil and put up a pretty good defense against US retaliation. In which case, gasoline prices would be the least of your worries…..
If they could have they already would have so they can’t.
How would/could you know that?
I can’t.
Iran gave a two hour heads-up before their Oct 1 missile barrage. They’re still in the warning phase.
Iran has hypersonic weapons.
ROTFLMAO
Ballistic missiles are hypersonic.
Not in military parlance.
“Hypersonic” militarily refers to _maneuverable_; or more specifically maneuverable with great precision; at hypersonic _speeds_. Not just reaching the speed requirements. Pretty much anything reaching a high enough altitude, will reach hypersonic speeds during reentry. But without steering surfaces, their trajectory is predictable enough to make intercepting them at least possible, if not strictly easy.
A hard problem for hypersonic missiles, is that the forces, and heat, on any steering surface will get really high. Maneuvering sufficiently for their trajectory to be too unpredictable to intercept, while still arriving on target with precision instead of veering off in some random direction, is also not_at_all trivial.
At those speeds, and considering the extremely tight targeting requirements necessary for the sort of lightweight conventional warheads such missiles are inevitably limited to carry; the precision required of every component and assembly, is so onerous it’s not likely anyone can build them at any scale at all. If at all.
The Russians keep saying they “have them”, but it’s not at all unlikely that they’re, at best, referring to target circles wide enough to only mean much for nuclear warheads. The Ukranians sure don’t seem too concerned about the fast moving firecracker carriers….. I’m sure the Chinese and Americans are working on it. America has the fastest processors, and far and away the most experience with high temp stable surfaces, as well as with sophisticated rockets, from space programs and the like. The US are also the only ones to field working interceptors for fast moving ballistic missiles, which requires many of the same qualities.
That Iran has such things, at least unless they’ve been handed them by Russians, seems improbable in the extreme. And as for the Houthies’ having cooked one up in their backyard arms “factories”; weeeelllllll……
OTOH; just as the Russians are likely exaggerating the true capabilities of what is no doubt still some impressive, if still experimental, kit: So is Israel wrt their various; while also impressive; “Iron Dome” missile shield schemes. whatever the Houthies had cooked up, got almost all the way through to a bulls eye hit on Tel Aviv…. Even without true “hypersonic” missiles, the Iranians, no doubt, have plenty of rocketry which can outdo what their Houthie colleagues managed to achieve.
Just drive an EV! Electricity is free! A bumper sticker somewhere.
Don’t forget windmills
They go up.
Israel might not attack Iranian oil facilities bc Iran will attack Israel from seven fronts, on top of attacking her Arab neighbors oil facility, thus hurting China, their biggest customer. Israel dismantles Hamas, before doubling their bets on Hezbollah, after softening it for a year. With Iran Israel is cutting their bets in an Anti Martingale stealthy way. When Hezbollah Radwan soldiers saw IDF divisions crossing the border they escaped. They have no communication with their rudderless top. Israel and the US cont to hit Yemen hard. Beirut is destroyed. The lebanese army might force Hezbollah to be part of a new united and powerful Lebanese army. Israel freed the ME from the Iranian grip, escaping a Jewish genocide.
“There are now 18 states east of the Rockies with averages below $3 a gallon.”
So did Joe Biden do that? Are those stickers still going on the pumps? I hope the voters will appreciate the effort.
I hate war, death and destruction and I don’t know what I can do about any of it except A.B.P.
Sold covered calls on DVN this week because you have to be long and short this market to win either way.
Biden can’t change his diapers without assistance. It’s weird you love him as much as you do.
LMAO!
I don’t “love” Biden. I love results and profits. I will simply refer you to this post entitled, “Oil Prices Jump Again Hello Mr President What Will You Do For An Encore”
https://mishtalk.com/economics/oil-prices-jump-again-hello-mr-president-what-will-you-do-for-an-encore/
Today is the encore?
I am completely flummoxed by the US encouragement of Israel to attack Iran’s oil infrastructure instead of its nuclear weapons development capabilities. I understand the idea of disrupting the flow of income to the Iranian regime, but what is the larger threat to regional peace? Iranian oil or Iranian nukes? We’re trying to curtail Iranian nuclear expansionism, but we think that the best way for Israel to engage in military action is to go after the oil and gas production system? And we announce this to the world? Why would we do that and who thinks that is the best response? And are these the same people who’ve managed to botch our Middle East foreign policy for the last 25+ years?
Iran could hit Dimona is response. And it looks like they could do it accurately. Khamenei has a point when he says Israel is small and Iran is large. Target wise, Israel has a problem of its own
Yeah, that’s what the mullahs thought prior to the pager attack. You guys need to keep up with news.
The pager terrorism will come around to bite Nutty in the keester which of course he deserves
Hezbollah getting dislodged is what was needed for years. It’s good for everyone… except for your mullah buddies. Pager terrorism…. lol!
Terrorism with pagers, sodomizing prisoners, shooting elderly women in the head, starving Palestinians, genocide When did the Holocaust become a model for behavior? I thought it was otherwise. Guess not
They have no right to attack either considering their behavior for the last decade or more Attacks on people inside sovereign nations cannot go unpunished And don’t preach to me about that fake Hamas attack which was about as obvious as Lucky Larry’s insurance fraud on 911
I mean they started launching missiles from lebanon the day after the hamas rape and murder spree that targeted civilians. I’d say they had every right, and they targeted their enemies with a degree of precision with the pagers.
Who was raped?
Who killed the 782 unarmed civilians?
Why don’t we know?
Attacking nuclear facilities risks a Chernobyl like incident. The whole world suffers if that happens and you can’t put that ‘back in the bottle’ once it’s done. Plus what would happen if there wasn’t a Chernobyl but simply some destruction that produced radioactive waste and Iran simply picked it up, put it in a rocket and shot it at Israel so that even if it was shot down it would cover Israel with radioactive material?
They need to concentrate on military facilities that are producing these rocket and drones and level them.
“They need to concentrate on military facilities that are producing these rocket and drones and level them.”
The “facilities” required to produce drones, are about the size of an average Ukrainian garage….. As the Russians tasked with “leveling” them are figuring out by now..
Combine that with the (on purpose no doubt in “Western” media…) reality that so called “precision” bombing from altitude is mostly just PR….. Just look at Gaza. There’s no “precision” at all. Just on the off chance that a few of the October 7 victims were Israeli reservists: The “fighter” to “civilian”+civilian-damage ratio Israel has managed to “achieve”, is at least an order of magnitude less “precise” than even Hamas. And Hamas, by all accounts, were specifically _trying_ to get civilians…. Ditto the number of “fighters” per kilo of ordnance dropped. Or per dollar spent. Or per any rational measure of “precision.”
No matter what the dupes on by-idiots-for-idiots TeeVee “news” claim: The gold standard for precision bombing, is awfully close to suicide bombers. Not at all the silly televised “nuke from orbit” displays, that flatfooted idiots seem so in love with pumping their fists for various Dear Leaders performing on other people.
The “pager attacks” by all reports seem pretty darned precise. Israeli military and intelligence is as good as it gets. But even they can’t aerial bomb densely built areas without 98% of what they hit being the very definition of “not precise.” Hence when tasked with doing the impossible; they fail. And end up sullying their image as a fighting force. Instead effectively being no better than any other ragtag bombing-civilians-becasue-we-have-bombs-and-they-don’t second rate outfit with more in common with the various factions in Sudan than they do with a supposedly world class fighting force holding themselves to a higher standard. Heck: Even “Evil” Putin’s army is much, much more careful with targeting Ukrainians than the Israelis are not just in Gaza, but also in Lebanon, The West Bank, Yemen, Syria and everyone else around.
The only purpose of these kinds of aerial bombing campaigns; whether performed by Russia in Syria or by the US and Israel pretty much everywhere; is pure terror: Mass murdering and maiming civilians in the hope that they will then somehow “be scared”enough to “quit supporting” the so-called “terrorists.” “Terrorists” almost invariably expanded to refer not just to fighters, but also to those who try operating hospitals and food banks for those victimized by the terror bombing… Good luck with that…..
Tldr
So low oil prices equals bombs away?
Should be great for the environment with all the oil and sunken carriers in the straits Not to mention downwind cancers from radiation
If IDF attack Iran oil facilities, then Iran will completely cut the oil flow by blocking the straight of Hormuz. Oil a triple next day, and inflation back to 5 to 6%.
If Biden really wants the “cackling” Kamala into the WH-he better restrain those Jews to behave themselves.
They will not torpedo their own economy. Iran screwed up. Always a price to pay for those. Feel free to move there since you seem to appreciate the mullahs point of view.
Move there are you stupid or what So you’re saying only your sick twisted psychopathic opinion matters And explain to me how the Iranians have behaved worse than the Israelis I’d love to hear from your brainwashed mind actually And I have no great love for either side
breathe william. you’ll be ok. Just don’t touch the pager.
I’m fine it’s psychopaths like you that need help Badly
Correct
moreline 10 to 12%. Easy
Or higher. The oil shock of the 70s is probably most likely since Iran already threatened to destroy Saudi Oil facilities if theirs are destroyed. If they followed though on that and other Middle Eastern facilities it would bring Europe, Japan and China to their knees instantly.
It would help Russia make more money, selling oil. It would push Iran ever further into the arms of Russia and China. Funny how Pompeo seemed to publicly lament Russia’s alliance with China, realizing what a mess they made.
Israel is stuck with no way out. The Bowman primary election might tell us that Israel has gone insane and desperate with $15 million spent to defeat a primary candidate, way, way above what is normally spent to buy one Congress person.
Didn’t Lenin say that there are days in which decades take place? Here we are.
Pager attack should have communicated there’s lots of ways to damage your enemy. Maybe you missed that story. Also, why not arm the Iranian population. The mullahs have to go. There should be no Islamic Republic of Iran. It should just be Iran.
No nobody needs to go but Nuttyahoo needs to be arrested and tried for terrorism and genocide
All of the Middle East countries are Theocracies (government by religion). It’s not just Iran so there is no chance the Mullahs are going to go and be replaced by a democracy like we have because there are no countries like that in the Middle East.
We have tried in Iraq and Afghanistan and they go right back to Theocracies immediately.
We have a democracy?
“Also, why not arm the Iranian population.”
Yess!!!!!
As well as every other “population.” And individual. Anywhere. And with any “arms.” (perhaps shy of nukes and other 20th century mass destruction stuff…) All men created equal. The US 2nd. Period. No Yabuttts. Just that simple.
Persia actually.