Given the Greenland stuff, isn't it within EU and UK's interests to keep the US occupied in Iran?
Except how much is the US/Trump actually helping Ukraine nowadays? How much are they providing? And how dependent on the US does Ukraine actually want to be given Trump's fandom of Putin?
- Europe gets a lot of it's oil through the Straits of Hormuz.
- Xi might see this as his opportunity to attack Taiwan.
It is just a huge mess in which everyone loses. Except perhaps Netanyahu and Trump, personally.
20 mb/d, around 25% world seaborne oil trade, transits the Strait – 80% destined for Asia. 4%, of the region’s crude flows are routed into Europe
LNG - In 2025, almost 90% of the total volumes exported via the Strait of Hormuz was destined to the Asian market, while the share of Europe was just over 10%.
Volume of oil (or LNG) isnt really the problem for the western hemisphere, its the doubling of price.
https://www.visualcapitalist.com/charted-oil-trade-through-t...
3.8% is a lot less than the news reports were implying. But, as you say, it will drive up the global price.