Iran will completely shut the strategic Strait ​of Hormuz if Trump executes threats to target Iranian energy facilities, ​the country's Revolutionary Guards ​said in a statement on ⁠Sunday.

Trump on Saturday threatened ​to "obliterate" Iran's power plants ​if Tehran did not fully reopen the Strait of Hormuz within ​48-hours, suggesting a significant ​escalation barely a day after he ‌talked ⁠about "winding down" the war, now in its fourth week.

In their Sunday statement Iran's ​Revolutionary ​Guards ⁠also said companies with U.S. shares will ​be 'completely destroyed', if Iranian ​energy ⁠facilities were targeted by Washington and energy facilities ⁠in ​countries that host ​U.S. bases will be 'lawful' targets.

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[–] 4 points 5 months ago*

They've been profitable for some time.

A lot of people say they're profitable at $60/barrel, but it's more like between $50 and $80, depending on a bunch different factors, such as location and extraction method.

But that's only considering profitability in the terms of the current political system.

If a new system came along that factored in harms to the environment, global warming, etc., they could go back to being unprofitable.

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