#Reset

Larry Johnson:
"The complete closure of the Strait of Hormuz will further worsen the economic damage to the world economy. In addition to shutting off the flow of 20% of the world’s oil supply, along with liquid natural gas and fertilizer, there are other unanticipated, damaging consequences. The sulfuric acid shortage caused by the Iran war is now threatening commodity production.

Sulfuric acid is essential to extract metals from rock. The market was already tight, with prices up ~500% even before the conflict. The Middle East accounts for ~24% of global sulfur production, and producers typically hold only a few weeks to 2 months of supply. Without sulfuric acid, production drops. Around 20% of global copper, ~50% of uranium, and ~30% of nickel production depend directly on it.

With critical energy infrastructure being destroyed, these shortages won’t disappear even if the Strait is reopened… they will persist.
If Trump goes ahead with this harebrained scheme over the upcoming weekend, or on Monday or Tuesday next week, the effect on the oil market will be catastrophic... "

https://sonar21.com/is-trump-serious-about-negotiations-with-iran/