If you were Iran and oil exports dropped from some 2.6 million BPD to 4-5000,000 BPD
Granted some may slip thru with oil tanker transponders shut off, so who knows how much is sold
However, Iran has to feel the lack of revenue, big time
That is a lot of mony in a yr.
Iran can't fight the USA in a conventional war and have any hope of winning
Do they shut down all tanker traffic thru the the Straight of Hormez and then blame the USA for starting this boong doggle
They do have lots of options such as a couple of mines blowing up a tanker with more promised would send the cost of insurance so high nobody would be able to afford oil or the insurance premiums or risk a tanker lost to some thing
It is never a good idea to box some body in
Granted Trump has said he is willing to talk any time but can Iran really do that and save face
hell they could live off all the billions Obama shipped them for years
“hell they could live off all the billions Obama shipped them for years”
Very insightful, predictability is at times a virtue.