this post was submitted on 21 Mar 2026
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He says other nations will have to guard and police the Strait of Hormuz as necessary, after his attacks on the country prompted Iran to target vessels in the crucial world shipping lane. Mark Stone analyses the Truth Social post.

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[–] GalacticSushi@piefed.blahaj.zone 29 points 1 day ago (1 children)

Ignore the $4/gal sign at your nearest gas station.

[–] Alcoholicorn@mander.xyz 13 points 1 day ago (1 children)

America is a net exporter of oil, Trump could limit the export of oil or make a deal with Venezuela or reduce domestic demand by investing in mass transit and renewables, but any of those would be as bizarre as expecting Richard Nixon to make a trade deal with communist china.

[–] CanadaPlus@futurology.today 9 points 1 day ago* (last edited 1 day ago) (1 children)

A whole new transit network is not going to be there in time for the midterms. Venezuela isn't what it used to be, and the US is a net exporter anyway, like you said.

Banning export might actually cure the symptom. The costs would not be zero either, though.

[–] chillhelm@lemmy.world 4 points 1 day ago (1 children)

Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now. At least until storage is filled which will take a good bit of time (US strategic oil reserves are basically empty). The US gas prices aren't high because there is no gas in the US, there is just more profit in selling it overseas.

[–] CanadaPlus@futurology.today 1 points 23 hours ago* (last edited 11 hours ago)

Banning export means everyone would charge import price -0.01$ per unit for their oil products, same as it is now.

I'm not quite sure I understand. Import to the US? Obviously, nobody's importing from the US if there's a straight up ban.