Metaphorical
@hyp
Straight of Hormuz closing would benefit some other big oil producers. Hmmm.🤔
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Evan
@evangreenberg
Doesn’t it hurt China most?
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Metaphorical
@hyp
How so? Helps other exporters, hurts exporters that need to go through straight and importers broadly (one worldwide price that will go up due to reduced supply.)
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Evan
@evangreenberg
I thought I read rhat 90% of Iran oil goes to China or something like that
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Metaphorical
@hyp
Idk maybe short term but oil will flow wherever one is willing to pay.
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Metaphorical
@hyp
That’s why it’s called a commodity.
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Evan
@evangreenberg
I’m not sure I understand
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