[jmstfv]

the closure of the strait (i.e. a toll booth by Iran) will cause massive inflation, destroy the GCC, and eventually lead to a global recession and the end of a petrodollar, which is how Iran is retaliating.

And if the US attempts a ground invasion to keep the strait open, it will be a complete disaster for the US.

[andyjohnson0]

GCC == Gulf Cooperation Council?

[nxpnsv]

I hope it is not the gnu compiler..

[jmstfv]

yes. they export oil/LNG and import most of their food. and they invest their proceeds into the US economy/treasuries, which they're going to stop if this continues.

by some estimates, Qatar and Kuwait could experience ~14% GDP contraction this year if this goes on.