⭕️ Oil is moving through the Strait of Hormuz because prices are around $100 a barrel, not despite them, argues Rosemary Kelanic, director of the Middle East program at Defense Priorities, in an interview with The American Conservative.
Kelanic says higher prices make it economical for shippers to pay costly war-risk insurance and offer crews danger pay, potentially an entire year’s salary, to risk passage.
She argues Trump’s repeated promises of a quick end to the war initially kept prices artificially low, delaying this adjustment. More oil is now flowing with U.S. naval assistance, even as Iran continues attacking vessels.
“It’s moving through the strait because prices are $100 a barrel,” she said.
🎥 American Conservative (YouTube)