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Bluetus

(3,035 posts)

28. What I don't see in any of this commentary is ...

Thu May 7, 2026, 12:41 AM

Yesterday

WHY.

WHY would Saudi Arabia be unhappy with a plan to escort ships through the Strait? One would think that the oil states would welcome the freedom to deliver their juice to their desperate customers, especially with everybody willing to pay double the price they paid before Trump started bombing.

So WHY would Saudi Arabia object?

I don't know, other than the fact that Saudi Arabia can ship through the Suez Canal to the European ports, and that is extremely lucrative right now. Iraq can ship north through pipeines. UAE and Oman don't have to pass through the Strait of Hormuz, so again, they are making money hand over fist.

It seems the only big losers right now are Kuwait and Qatar. Iran has limited pipeline capacity to Asia, but it also can ship out of the Gulf from Jask. That's 300K bbl/day. Plus Iran can allow its own tankers to pass through. If Iran is able to ship half its normal amount, that is still a great deal because they are getting double the price.

Is this why "our allies" (evidently including Iran) actually like the current situation?

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