if they allowed through any shipments, it would defeat the entire purpose of closing the Strait. Oil is fungible and will be resold if a profit can be made
Every additional step in the supply chain increases the price since everyone adds their own margin, and at some point it becomes more expensive than oil alternatives (for example, bio-plastics). Anyway, if China started reselling the oil then Iran would stop letting them through.
That’s not the part that matters… They’re not pirates
They scared the shipping companies enough to affect the global economy.
It doesn’t matter if all they do is give some deck hand PTSD by taking pot shots at them - They still made the biggest economies in the world come to them for a deal
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Every additional step in the supply chain increases the price since everyone adds their own margin, and at some point it becomes more expensive than oil alternatives (for example, bio-plastics). Anyway, if China started reselling the oil then Iran would stop letting them through.
You mean the terrorist group who forced both the US and China to make deals with them?
I think they proved that this is a shockingly successful technique
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That’s not the part that matters… They’re not pirates
They scared the shipping companies enough to affect the global economy.
It doesn’t matter if all they do is give some deck hand PTSD by taking pot shots at them - They still made the biggest economies in the world come to them for a deal