Iran also gets to charge every tanker that goes through the Strait $2,000,000 (they’ll split it with Oman, who has the other side of the Strait), in order to rebuild everything that got bombed, but I’m sure that toll will go on pretty much forever. So gas supplies may slowly start to recover, but prices won’t. We’re going to be paying higher prices for gas, energy, any goods that need to be moved, anything made of plastic, and anything that needs fertilizer to grow, for a long time.
This was my first thought. It reminds me of the highway tolls in Illinois. They were originally announced to be temporary until they paid for the highways’ construction themselves… in 1958. They discovered they like money and made them permanent.
Iran also gets to charge every tanker that goes through the Strait $2,000,000 (they’ll split it with Oman, who has the other side of the Strait), in order to rebuild everything that got bombed, but I’m sure that toll will go on pretty much forever. So gas supplies may slowly start to recover, but prices won’t. We’re going to be paying higher prices for gas, energy, any goods that need to be moved, anything made of plastic, and anything that needs fertilizer to grow, for a long time.
This was my first thought. It reminds me of the highway tolls in Illinois. They were originally announced to be temporary until they paid for the highways’ construction themselves… in 1958. They discovered they like money and made them permanent.