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I suppose it's clear by now that when we talk about the Iran war, we're talking about a conflict that, apart from the deaths and displacements that, for the moment, don't affect us, has economic consequences that do affect us, especially because the price of oil has skyrocketed and threatens to rise even further.
In the Strait of Hormuz, through which 20% of the world's oil and 20% of its liquefied gas pass, ships are being attacked.Iran has vowed revenge for the assassination of its supreme leader, which includes economic warfare to keep the price of oil rising, in addition to cyberattacks.
To fight this economic war, The International Energy Agency has released 400 million barrels of reserves worldwideBut this hasn't stopped the price of oil from reaching $100 a barrel this morning. Of course, 400 million barrels is a lot, but before the war, 20 million barrels a day passed through the Strait of Hormuz, so what they've released is equivalent to what used to flow through the strait. The ayatollahs will do everything they can to strangle us. Netanyahu wants to continue the war, of course. And Trump, who knows, because all he ever says is things like, "The war will end when I want it to." Today, The New York Times explains in a well-documented report how Trump and his advisors miscalculated Iran's response to the war, especially the risk of energy prices rising, and all they could say was that it would go up the first day but then down. We're in their hands. Trump needs to be the center of attention, and who knows what will happen next.
By the way, we've published something in ARA This map of the country shows the gas stationsRed indicates gas stations with the highest prices for premium and diesel, amber for those in the middle, and green for the cheapest.
These days I've been writing about the need to defend international law, democracy, and human rights. Some find it naive, but we must insist that if the law of the strongest prevails, you and I will all lose. Ordinary people have everything to lose. That's why I recommend This report by Ethel Bonet from Beiruta city they know is being bombed by Israel. Hundreds of thousands of people fleeing the bombings are arriving in Beirut. In the photo, we can see some who have ended up in tents under the stands of a football stadium. And look how they define themselves: "We are people who want to live." They are people who want to live, like any of us.
Good morning.