While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard.
While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.
In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world’s oil. It’s one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they’d do it if attacked. Fortunately, we’re in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans’ grip on Congress.
Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.
This is I think key to why dictatorships and autocracies decline and fall. Dictators cast out naysayers and refuse to listen to evidence that diminishes their policies. So they are eventually surrounded by incompetents or manipulators.
Being surprised at increased oil prices after bombing Iran like a week ago?
In what world is it a surprise to see oil prices spiking when you launch an attack on an oil producer in the middle east? Iran has repeatedly threatened to shut down the Strait of Hormuz over the years, which would stop the flow of ~30% of the world’s oil. It’s one of the very few levers of power Iran has to pull, and anyone with an ounce of common sense knew they’d do it if attacked. Fortunately, we’re in a midterm election year, so the catastrophe Trump has teed up will hopefully torpedo Republicans’ grip on Congress.
Because an inherent distrust of experts leads to a reduction in expertise which leads to imbeciles being surprised their ideas don’t actually work in the real world.
This is I think key to why dictatorships and autocracies decline and fall. Dictators cast out naysayers and refuse to listen to evidence that diminishes their policies. So they are eventually surrounded by incompetents or manipulators.
Being surprised at increased oil prices after bombing Iran like a week ago?
Is that even real?