Except that the problem isn’t only from the cartel right now, the problem is that now a important route was blocked due to war which made petroil transport harder making it more pricey and that reflects on prices that consumers see
That’s literally the free market behaving as it’s supposed to. Prices are increased to the highest point all goods get sold, so during shortages prices spike.
If you don’t like this, you don’t like capitalism.
It’s the word “excuse” that doesn’t fit right. There is no shame in the action for them, no duplicity or deception. The Iran war is an opportunity for them to jack up the price, an opportunity they always take when available as is their fiduciary duty.
The oil cartels using a highly unpopular war as an excuse to jack the prices up?
Except that the problem isn’t only from the cartel right now, the problem is that now a important route was blocked due to war which made petroil transport harder making it more pricey and that reflects on prices that consumers see
And yet Saudia is in full support of the US attacking iran. Weird that.
The airline?
Yeah, nothing to do with the Strait of Hormuz
That’s literally the free market behaving as it’s supposed to. Prices are increased to the highest point all goods get sold, so during shortages prices spike.
If you don’t like this, you don’t like capitalism.
Yeah? Thanks for proving my point.
https://en.wikipedia.org/wiki/Artificial_scarcity
Its not like noone knew a war with iran would result in them blockading the strait…
It’s the word “excuse” that doesn’t fit right. There is no shame in the action for them, no duplicity or deception. The Iran war is an opportunity for them to jack up the price, an opportunity they always take when available as is their fiduciary duty.