The Strait of Hormuz... closed for business. Great for the US Oil Companies. [View all]

Seems a lot of folks don't understand what the Strait of Hormuz is...

Essentially it's the gateway to the filling station for all of Asia.

The US and EU combined receive less than 7% of the oil that flows through the Strait... The single biggest importer of oil affected by the Straits being closed is China... 37% of all the oil passing through the Strait goes to China.

So closing the Strait to harm the US?

Not really... it hurts the economy, globally... yes. But US oil companies actually make a killing with Hormuz closed.

This is why China WILL NOT allow Iran to close off the Strait for an extended period.

Iran is becoming more isolated by the day and their "Allies" either have no power (Russia) or have questionable interest in helping (China)

Plus if you believe in tail wagging the dog, meaning the tail (US oil companies) whispering in Trump's ear... you're not crazy.