undefined | Better HN

0 pointsroryirvine14d ago0 comments

By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012.

It's probably reasonable to expect several years of disruption to Iranian oil even if sanctions were to be completely lifted in the very near term.

0 comments

BurningFrog13d ago

Sure, but blocking Iraq, Kuwait, Saudi, Qatar etc from exporting through Hormuz has a much bigger effect on global oil prices, and that can be resumed immediately if/when the war stops.

j / k navigate · click thread line to collapse

0 pointsroryirvine14d ago0 comments

By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012.

It's probably reasonable to expect several years of disruption to Iranian oil even if sanctions were to be completely lifted in the very near term.

0 comments

BurningFrog13d ago

Sure, but blocking Iraq, Kuwait, Saudi, Qatar etc from exporting through Hormuz has a much bigger effect on global oil prices, and that can be resumed immediately if/when the war stops.

j / k navigate · click thread line to collapse