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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
270 points (98.2% liked)
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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.