Israel may be about to spark a GLOBAL OIL SHORTAGE!

Right, so what could possibly force the US to abandon Israel? Seemingly nothing right? Well how about loss of access to oil?
This is the threat presented by a war with Iran as laid out by one of their allies, or proxies as the media love to present them, the Islamic Resistance in Iran and lets face it, they have significant geographical advantages on their side. For the last year the world, but most especially Israel has come to realise what that geography has allowed the likes of the Houthis in Yemen to do to global shipping, shipping destined for Israel or leaving Israel, but global oil transport and more importantly costs could be choked off or prices quadruple in an economic war that the west cannot possibly win and if they think another war to take on Islamic Resistance is the answer to that, to protecting their access to Middle East oil, as a result of the wider war Israel will have caused ending up being carried out in practice, now involving global oil exports from the Middle East as this would, then they’re probably going to be in for a rude shock.
Right, so threatening oil exports to the west, that’s often seen by many of us as the fastest, most surefire way to upset American administrations, and this is absolutely what is now being threatened by Islamic Resistance in Iraq, not a part of Iran’s Axis of Resistance that I’ve particularly covered previously, but their actions against Israel, drone strikes on the port city of Haifa as they have most often been, have meant they have been an ongoing threat, aside from the likes of Hamas and Hezbollah and the Houthis, along with Iran itself.
But when it comes to oil exports, these guys, should such a threat to choke off oil exports come to pass as part of the ongoing and seemingly ever widening war being driven by Israeli atrocity on eight different fronts, all funded and armed by the US administration as well as other western states supporting Israel, well these guys will definitely come into their own.
You see Iraq, since the fall of Saddam Hussein, has largely stabilised. It is a self sufficient nation, it has a ruling Prime Minister in Mohammed Shia al-Sudani, and enjoys high revenues from oil sales as a result. With the US still very much a presence in the country, an increasingly unwelcome one as Iraq is now running itself just fine, they have that steady supply of oil to the US, averaging some 70,000bpd or barrels per day in exports as that is from Iraq to the US.
But that also makes that steady supply an easy target for sanctions against the West by Iranian allies and as much as the Iraqi administration might well be far more US centric, they haven’t got much of a handle on Islamic Resistance, failing to convince them to stop attacking Israel, showing the westernisation of the state I suppose, who have now turned their sights on US military bases in neighbouring Syria certainly, since Israel’s latest strike on Iran, something the promised they would do should Israel mount a third strike on Iranian sovereign territory, essentially coming to the aid of an ally in their own way, because Iran as a sovereign state does have a right to defend itself after all, does it not? Well not if you listen to the mainstream media or western politicians, but they’re hypocrites and quite wrong of course.
Their arrogance faces being heavily punished though, and its going to hit them in the barrels per day – in fact we might be already seeing signs of that, but I’ll come onto that in a moment.
Where Iraq supply on average 70,000bpd to the US, Islamic Resistance are saying the world will lose 12 million barrels per day and as I said at the beginning it is Middle Eastern geography that will see this happen.
Here’s a map. You can see Israel on the left of it in pink and then at the bottom also in pink is Yemen and the stretch of water in between being the Red Sea. We know and I’ve covered incidents in numerous videos concerning the actions of the Houthis in Yemen blockading cargo ships and tankers bound to and from Israel there and the increased costs of goods being transported via that sea route. It’s the other side of the Arabian peninsula that matters here though, the Persian Gulf, the only sea access that Iraq actually has to transport the oil it sends around the world and the same stretch of water other oil rich nations use for trade in their oil too, such as Saudi Arabia. Fully 20% of all the worlds oil is transported from the Persian Gulf, 17 million barrels a day as that amounts to and just as there is a choke point at the bottom of the Red Sea, the Bab-el-Mandeb Strait, that the Houthis have exploited so much to block shipping traffic, you’ll note there is a similar choke point at the southern end of the Persian Gulf, too, the Strait of Hormuz, between Iran and Oman.
Suddenly choking off 20% of the worlds oil as a blockade of the Gulf of Hormuz would do, analysts reckon would see oil prices go up from $80 a barrel to $300 a barrel and it would be a fairly simple and effective tactic to employ. The west relies on that Middle Eastern oil, it would be cut off. Other nations who might be more west friendly, such as Saudi Arabia, would be stymied too, which would encourage more pressure be put on the west by them to end their support for Israel, the Saudi’s already voicing their pro Palestine feelings, despite their leader Mohammed bin-Salman having publicly said he cares little about the Palestinians personally, but his people do. He most definitely cares about his oil reaching paying customers though.
Equally in Iraq, despite only having a miniscule coastline, such is Iraq’s oil export business there’s 7 ports squeezed into that little space, but for Islamic Resistance, that represents another potential target to upset oil exports, and hurt the west for it’s pro Israel leanings and support.
Despite Iran’s promise that they will now respond to that most recent attack on them by Israel, it would almost be cleverer of them to just slap the brakes on oil exports, by blockading the Gulf of Hormuz, their own oil exports would continue, and since most of their oil goes to the rest of Asia, it would be a double whammy for the west to be cut off from their own oil imports, as economic strength in Asia as the BRICS economic group makes itself into an ever increasing rival to western dominance, would suffer no such losses.
Already, just talk of an Iranian strike on Israel happening has sent the price of oil up by $1 a barrel, but in no small part has that been because Israeli intelligence suggests the main bulk of Iran’s response this time, will be coming from Islamic Resistance in Iraq, as this Reuters excerpt explains:
‘Israeli intelligence suggested that Iran is preparing to attack Israel with a large number of drones and ballistic missiles from Iraqi territory in the coming days, possibly before the U.S. presidential election on Nov. 5, Axios reported on Thursday, citing two unidentified Israeli sources.
This heightens the likelihood of additional hostilities erupting before the U.S. election, SEB Research analyst Ole Hvalbye said in a note.’
SEB for reference is a Norwegian bank.
Now of course a direct assault on Israel of a larger scale than we’ve seen previously coming from stable oil exporters Iraq not only would be a humiliation for the westernised Iraqi regime, as well as US forces stationed there, but would send shockwaves through the oil industry in and of itself too and would still leave open the option of a Gulf of Hormuz blockade. Iran really appear to have thought through just how to maximise the political damage, when the weight of global public opinion is on their side right now in light of Israel’s attacks and their right to defend themselves.
Underlining this point further and coming back to the point I alludes to earlier, signs of panic already happening, is the sudden increase in oil imports in the last few days by the US. Remember I said their average imports from Iraq were 70,000bpd? They’ve shot up in the last few days, so that over the last week they’ve averaged 237,000bpd. Anyone would think they might be worried about something, but if they keep buying at that rate, that will also send prices up, supply and demand after all. Anyone would think they’re worried about something, perhaps the easiest option would be to just stop breaking international law and continue to arm a state committing war crimes then? Too easy I suppose?
Still, if they’re going to keep arming Netanyahu’s genocidal regime, they might need to start sending more than just arms but people capable of using them as an increasing number of IDF soldiers are refusing to return to the front after their time off, turning against the war in Gaza and scoffing at the idea of a realistic war in Lebanon, echoing the thoughts of a former IDF major-general on that point as well. Check out that story of the IDF downing tools and refusing to serve in this video recommendation here as your suggested next watch and I’ll hopefully catch you on the next vid. Cheers folks.