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Trump says US to start blockading the Strait of Hormuz immediately
(www.reuters.com)
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this post was submitted on 12 Apr 2026
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I'm a little surprised everyone is mostly agreeing that he's doing this because he's stupid. I mean yes, he's a fucking idiot, but someone told him to start a blockade. And as we all know from the first one a week ago, it's only gonna jack up prices on literally everything even more than they are right now.
It's all a plan by the billionaire class that openly runs our country now to keep inflating prices so consumers don't have anything.
Edit: like c/BamboodPanda said, "Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything."
Its mostly to jack up oil.
Trump is owned by Rosneft and OPEC
Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything.
They loved the prices they found gouge after the pandemic and want to see how far they can push society.
100% this. He didn't come up with a solution to "open the strait!" as "don't use the strait!" So it's still closed? Because of feels? OK, but it being closed because you said so means it's still fucking closed.
Who benefits from this long term? Other than just "people who just bought oil at $98 on Monday"?
https://lemmy.world/comment/23188629
My theory is Lumpty Trumpty and the other looters are going to let the price of oil go up before announcing some sort of deal or removal of the blockade. Oil prices start to come down.
Anyone in on the looting gets to rake in the short bets on oil. It's the opposite of a pump and dump scheme.
Brilliant plan to reduce their own income.
https://lemmy.world/comment/23188629