Steve Hanke: BREAKING:Tanker Hit Near Saudi Arabia as Reports of Another Hormuz Explosion Shake Gulf
We break down escalating tensions in the Persian Gulf following recent attacks on supertankers near Jubail and the Strait of Hormuz. Discover why the actual landed price of oil is hitting $140 a barrel, far above the paper price, due to massive logistical and choke-point premiums. We also analyze the global diesel crisis, the impact of US sanctions waivers on Russia, and the geopolitical fallout of upcoming midterm elections. Could a divided US government lead to dangerous foreign policy escalations? Plus, we examine Israel's strategy of continuous conflict, the "Greater Middle East" project…
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