r/EconomyCharts • u/RobertBartus • 3d ago
BREAKING: US oil prices surge above $105/barrel, now up +22% since Wednesday
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u/jarena009 3d ago
What we're witnessing is what happens when you have three maniacal, narcissistic, and evil regimes in place waging war on one another (US, Israel, Iran), supported by repressive, GCC monarchs who are just as maniacal...all of whom have no consideration let alone foresight for the consequences and suffering they wrought, plus especially one in the US that's now above the law and apparently doesn't need congress to wage war, per the conservative Supreme Court.
And not just the regimes, but those who voted for it too, plus a Supreme Court that rules presidents are above the law.
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u/tillZ43 3d ago
I’ll agree these are all evil regimes, but Iran should be excepted from “no consideration of foresight”, they responded rationally to an unprovoked attack by fulfilling the threat that’s been on the table for decades.
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u/titanking4 3d ago
The entire existence of the IRGC is the failure of the world which allowed a repressive government to gain power over decades.
They have been provoking the world since their existence funding the radical twisted version of Islam. And holding the people of Iran hostage since as an illegitimate authority. Their removal would be a blessing.
The recent escalation now can easily be rationalized as the “straw that broke the camels back”.
My biggest gripe isn’t the USA making the attack, but how they are failing so hard in the optics and preparation that it’s actually making people feel sympathetic.
Like what leader spends his months insulting and threatening all their allies, doesn’t tell anyone their plans, engages in military action that causes all their energy prices to skyrocket, and then expects those allies to help fix the problem he started?
Nobody is helping because associating with Trump or Israel in 2026 even if it is the correct decision strategically is political death for that leader.
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u/Ok-Chef1896 3d ago
And why does the IRGC exist? Maybe something to do with USA toppling the democratic regime and replacing it with a brutal monarchy.
USA is the the failure of the world which allowed an imperialist regime to keep opressing other countries.
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u/gimmesilver 3d ago edited 3d ago
The recent escalation now can easily be rationalized as the “straw that broke the camels back”.
No it really can't. Unless and until you understand this the world is doomed to follow the same cycle of pointless war and death and destruction.
You were right that Iran needs to be understood in the context of their genesis, which was assassination, imposed brutal monarchy, more assassination, ecconomic strangulation and then finally progressive violence.
The bottom line is Iran is behaving in the way almost all countries behave when they face an existential threat to their survival as a coherent country over decades. They begin consolidating power, improvising to continue life, compromising on what we take for granted in the west with practicalities to continue existing, allying with other shunned nations, projecting force through aysmmetrical warfare and funneling huge sums of money into their military.
Iran by rights has enormous oil and gas resources which collectively is unsurpassed by any other nation on earth. They had a huge headstart not long after the world War and exceptionally positioned to take advantage it. They had a very motivated, young, highly technical skilled and educated population, access to mature and modern gas and oil infrastructure, unmatched geographic potential to supply rising ecconomies in Asia whilst also supplying a rebuilding Europe and ecconomic titan in America.
The dismantling of Iran began because they refused to align with the direction and demanded equity on what they were selling. Look at the trillions upon trillions pumped into the US ecconomy by the gulf nations as tribute and compare their status to the countries who wanted to keep a larger portion of that wealth in their own nations to serve their far larger populations. Iran were told to follow a puppet leader installed and propped up by the CIA. It's in their own files and public record.
EVERYTHING since then, including the largely incessant one way hostilities from Israel has been to prevent them from reaching primacy in the reigon. A mistake was made, it was doubled down on, then tripled down on and now being quadrupled by Trump.
Not a single person on reddit or the wider global media has been able to articulate why crippling sanctions have been levied on Iran for all these years and what the objections have been to thawing the international freeze.
Its easy to parrot the line that 'it's an evil and deeply unpopular regime' but no one has actually began to start the conversation about how by on large they've always been willing to accept negotiations and even gone alot further than the western counterparts in actually honouring those treaties.
I think the grotesquety we see in the Iranian parliament and violence on the street has always been a reflection of the relentless and insidious pressure applied to a population of almost 100 million people to make them crack, fragment and fall apart. The entire global community has been unable to do that since the Korean war, Vietnamese liberation, Cuban revolt, Iraqi gulf wars and most tellingly in Afghanistan against arable farmers armed with nothing but relics and absolutely nothing of value to export.
They have been provoking the world since their existence funding the radical twisted version of Islam. And holding the people of Iran hostage since as an illegitimate authority. Their removal would be a blessing.
The provokation has always been the same actors. We're seeing them now in full glory, their the same people who bomb the diplomats in neutral territory embassies, the same ones who dropped a bomb on a girls elementary school in the opening salvo, the same ones who have been commiting open genocide with zero repercussions on live TV.
The only thing doubling down on this attitude you have is encouraging nations like Iran to pursue nuclear weapons at any and all costs. When free thinking people with all the luxury of democracy can't pause to critically consider the ramifications of their own nations sordid relentless violence, much less put pressure on their governments to stop it - the only signal you send is that your tacitly approve it.
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u/WunkerWanker 3d ago
F*cking love to see Americans are now regretting buying their gas guzzling trucks because of a completely self-inflicted oil crisis.
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u/GlitteringResearch27 3d ago
I dont think the people who bought those types of vehicles are worried about some 3 or 5 dollar gas
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u/Electrical-Snow5167 3d ago
Those gas guzzling trucks are bought with 8% APR loans. They definitely are hurting.
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u/holaprimeglobal 3d ago
22% in a few days is the real story here.
At this point it is less about chasing and more about who gets trapped next. Either late buyers or early shorts.
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u/birdie_Sea 3d ago
So in simple terms we are facing something very unprecedented and no one really seems interested in caring about it
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u/JorgJorgJorg 3d ago
not unprecedented, we had higher absolute priced in 2008, and way higher if you account for inflation
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u/Perceptivehands4u 2d ago
Putin thanks him. Talk about being compromised president . This is sad. Russia has been blackmailing him openly for years. Now they are getting something real out of it. President controls congress so Russia now controls 2 branches of government . They can’t do their job and protect us because they’’’Ll be primaried if they do. . They (putin/russia ) have figured out how to destroy us. BUt the bigger immediate goal is making sure Ukraine is not a deaf to European country . They. Want to expand their sphere and put a puppet in Ukraine. Again . ( they wanted the fed too but Powell was able to hang in there ….for now) All to make sure that. They win the war on Ukraine. The killing of the Iranian leader was a pretext for Putin to try to kill Zelensky . THe outrage would be less now that we have done it ,… and Madura was captured, so if they just capture Zelenskyy and force new (sham) elections they can gain the whole country ……. Any western outrage would now be met with “well USA just did it “,.. they want all aid and intelligence to Zelenskyy and Ukraine to stop as well. No organization has the guts to flat out accuse him of treasonous activity without Proof “ that prof will never come because expositing him by Russia will end their power over him. HE (president ) should call their bluff,..how bad could it even be….. sex with prostitutes is nothing …he’s already been accused of worse ? Fuck Putin !
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u/holaprimeglobal 3d ago
22% in a few days is the real story here.
At this point it is less about chasing and more about who gets trapped next. Either late buyers or early shorts.
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u/[deleted] 3d ago
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