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re: The economic impact from this war will be devastating
Posted on 3/26/26 at 5:31 am to ChiGator
Posted on 3/26/26 at 5:31 am to ChiGator
France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.
0
Posted on 4/8/26 at 2:49 am to ChiGator
quote:
The economic impact from this war will be devastating
Posted on 4/10/26 at 10:55 am to TheOcean
Laugh as much as you want but nothing macro has been solved. The straight is still closed, commodities across the Middle East are all still a mess. This will impact prices of things all across the board for months if not years.
Posted on 4/10/26 at 3:44 pm to ChiGator
It’s wreaking havoc on the aluminum market as well. About 10% of the world’s supply comes from that area and several plants were hit with strikes from Iran. When you don’t properly shut down an aluminum plant, it typically takes 12+ months to restart. The pots cool and it solidifies. You have to chip it out and start all over, having to rebuild them if it’s not done right.
Posted on 4/10/26 at 4:42 pm to HailHailtoMichigan!
Just following up here on both of your points. Any updates?
Posted on 4/10/26 at 4:46 pm to TheOcean
Here’s a picture to describe the situation. Even though most you MAGA dumbfricks can’t read.
Posted on 4/10/26 at 5:52 pm to ChiGator
You still crying?
Posted on 4/10/26 at 6:42 pm to ChiGator
So...what you're saying is "It's open!!"?
Posted on 4/10/26 at 8:30 pm to ChiGator
quote:
Even though most you MAGA dumbfricks can’t read.
Take this shite to the poli board, fig
Posted on 4/11/26 at 8:43 am to ChiGator
quote:
Laugh as much as you want but nothing macro has been solved. The straight is still closed, commodities across the Middle East are all still a mess. This will impact prices of things all across the board for months if not years.
America is selling a lot of oil. I am sure that is by design
Posted on 4/15/26 at 2:36 pm to ChiGator
Ready to admit you're an idiot?
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