Iran oil revenue soars as it's the only exporter out of Hormuz

https://financialpost.com/commodities/energy/oil-gas/iran-oil-revenue-soars-hormuz

Comments

lawgimenezMar 26, 2026, 10:55 PM
Tanker from Russia arrived here in Philippines, and it seems we will be getting oil from Russia now. Major geopolitical failure by the US.
jazzpush2Mar 26, 2026, 11:11 PM
Art of the Deal
simmerupMar 26, 2026, 11:18 PM
[flagged]
guzfipMar 26, 2026, 11:19 PM
> Major geopolitical failure by the US.

Nah, soft power is out. Bluntly, if the Philippines strays too far from US interests, they can be strangled, first economically, then militarily.

simmerupMar 27, 2026, 12:02 AM
If the Us keeps attacking its allies economically and militarily the petrodollar will crumble and those trillions of dollars of debt will start to be a heavy burden
Henchman21Mar 27, 2026, 3:11 AM
So it's all going to plan then?
lostmsuMar 27, 2026, 11:08 AM
If dollar crumbles, the debt becomes lighter, no?
lawgimenezMar 26, 2026, 11:36 PM
Of course, that’s what US will do to its old allies.
karim79Mar 26, 2026, 10:46 PM
So it's either checkmate or MAD. Crazy times indeed.
trhwayMar 26, 2026, 10:51 PM
why US wouldn't block those tankers? Is there 5-dimensional chess somewhere here that i don't see? One can also wonder what money and through which banks Iran is getting for that oil - i'd find it hard to believe that Iran would accept Chinese currency and store it in Chinese banks.
credit_guyMar 27, 2026, 7:27 PM
My guess is that both those tankers and the oil they carry belong to owners other than Iran at that point. If the US seizes such a tanker, it could be perceived as sn act of aggression by China, for example, if they are the ones who bought the oil.
comrade1234Mar 26, 2026, 10:55 PM
The u.s. removed sanctions on Iranian oil so that Iran can buy more weapons from china to attack the u.s. it makes no sense but that's what's going on.
whynotmaybeMar 26, 2026, 11:07 PM
Saw a funny remark about 9d chess and with what's happening nowadays, I have the feeling that I'm not even smart enough to understand a game of coin flip.

Why wouldn't Iran accept Yuan? Without doing anything special, China is becoming the most reliable trade partner in the world.

nine_kMar 27, 2026, 12:32 AM
Some oil deals between Russia and China already run on yuan (RMB). I suppose the yuans are promptly reinvested into Chinese goods, often the dual-use kind.
mmoossMar 27, 2026, 2:22 AM
The US dollar is the standard currency for international trade, but the US government of course has great influence over its use. For example, they sanction anyone who does business with Iran.

This tactic, used against Russia, Iran, and others, has turned them to seeking other, safer currencies. The Euro is risky; EU members are American allies, generally speaking, and also may act against Iran, etc. for their own reasons. The most widely used currency and most stable economy (an unstable economy causes and unstable currency) is the Chinese yuan or renminbi.

AlecSchuelerMar 27, 2026, 11:52 AM
That sounds like more reasons to use it?
lancebeetMar 26, 2026, 11:02 PM
Blocking them would further increase the global oil price which is probably contrary to the administration's wishes.
pennomiMar 26, 2026, 11:23 PM
Because the average voter cannot see past the price at the pump. People are remarkably uninformed about how the world works.
orwinMar 27, 2026, 7:13 AM
It's not only that. Oil prices also greatly increase the price of logistics, mining, metallurgy and fertilisers.
dzhiurgisMar 27, 2026, 10:09 AM
Plastic packaging in food is about to shoot up.
nine_kMar 27, 2026, 12:36 AM
The price at the pump affects not only a voter's commuter car, but also every truck that delivers goods across the US. This may have a much larger knock-on effect.

OTOH the US is the largest oil producer in the world [1]. Theoretically the US could keep domestic prices in check, but that would require rather drastic administrative pressure, likely only legal at wartime.

[1]: https://www.eia.gov/todayinenergy/detail.php?id=61545

DrProticMar 26, 2026, 11:53 PM
What they have to see in this case in your opinion?
trhwayMar 26, 2026, 11:38 PM
that brings the question - given the amount of media and propaganda, is it a failure or a result of that media and propaganda.
orwinMar 27, 2026, 7:10 AM
They get Chinese currency and trade it to Afghanistan/Pakistan/Turkmenistan (and probably India and China) to buy food and weapons.
netsharcMar 26, 2026, 11:04 PM
As Trump said, "we're not desperate for a deal, they're the ones who are desperate". Meaning, Trump realizes he sent his military, lead by the genius Hegseth, into a mess, and he is now desperate to get out, since Iran has the power to inflict more pain on the world and have him be the one to be blamed...
karim79Mar 27, 2026, 3:41 AM
Netanyahu will let the whole world burn in a trash fire before getting to the point where he will need to face his corruption charges. He's a narcissistic and genocidal former furniture salesman. Human life is extremely cheap for him. There are really not enough arrest warrants on his disgusting person.
wilt6269Mar 27, 2026, 6:49 PM
Ok, Karim.
crikeykangarooMar 27, 2026, 7:18 PM
Imagine defending Netanyahu. Pathetic.
mandeepjMar 27, 2026, 12:23 AM
A good time to be reminded - solar and wind doesn’t need to be exported out of Hormuz :-)
nine_kMar 27, 2026, 12:29 AM
The real problem is that some of the most important fertilizers are synthesized basically from methane. And about 25% of natural gas is exported via the Hormuz strait. This is something solar energy currently cannot tackle.
Tade0Mar 27, 2026, 5:35 PM
Actually it can, but it needs to be scaled up 1000x at least:

https://www.topsoe.com/news/worlds-first-dynamic-green-ammon...

Main innovation in this plant is that the process is optimized to run off of intermittent sources like solar or wind.

ZeroGravitasMar 27, 2026, 7:29 AM
You can do solar -> hydrolysis -> hydrogen -> ammonia-> fertilizer, rather than methane -> steam reforming -> hydrogen -> ammonia -> fertilizer.

So it's technically feasible. Not quite there in terms of cost and scale but if the alternative is a blockade then probably worth investing in.

Ironically some of the best locations for production are in the middle east.

Gibbon1Mar 27, 2026, 7:49 AM
You can run the numbers the cost isn't that bad to do it that way.

I think South Africa gets most of its diesel from the Fischer–Tropsch process. You could use electrolytic hydrogen as an input for that. About 40% of the energy in gasoline is from hydrogen burning.

It's not great but it would allow you to run current vehicles off about 40% solar energy.

dzhiurgisMar 27, 2026, 10:01 AM
Best part you can probably miniaturize entire process into panel itself and 5 panels per hectare would be enough...
th0masfrancisMar 27, 2026, 11:49 AM
If 25% of natural gas demand is replaced by renewables then we don’t have to depend on Hormuz for fertilisers.
zardoMar 27, 2026, 6:24 PM
I don't think it's feasible to do get that done this season.
SimulacraMar 27, 2026, 12:08 PM
Release the strategic wind and solar reserves!
FridayoLearyMar 26, 2026, 10:52 PM
[flagged]
DrProticMar 26, 2026, 11:55 PM
Yeah, like they attacked Syria, or Lebanon, or Tunis, or Iraq, or Libya.
netsharcMar 26, 2026, 11:00 PM
So, are you a Trump-sympathizer, trying to justify your support for him by trying to find the silver lining from the acrid cloud of burning oil? Asking out of curiosity as to why you'd write this.

If only someone didn't rip up a deal a particular president with a Kenyan father did, Iran might've been more contained...

hagbard_cMar 26, 2026, 11:48 PM
[flagged]
mindslightMar 27, 2026, 1:05 AM
You've answered your own question - there is no policy with Trump. He certainly knows how to hone in on issues that get people riled up, but as far as solutions the only things he has are echoes of plans decades out of date, performative vice signalling, and bluster. In normal times department bureaucrats would keep the policies halfway sane, but he's made sure to replace them with yes-men that just go along with his chaos. You either see this, regardless of your political inclination, and thus you're "anti-Trump". Or you remain transfixed by the cult of personality thinking there must be some grand genius plan waiting behind the scenes (ie the real "TDS" that the term is meant to obscure).
karim79Mar 27, 2026, 3:30 AM
[re-repost] Nonsense. There's no evidence whatsoever that Iran were planning to attack neighbouring countries nor is it in their interest. This is all Israel-fabricated bullshit which goes back about four decades. Repost because of the clear strategic downvoting of my other comment.

I repeat: provide some evidence. I suppose I should worry about Mossad and AIPAC crowd now as well.

orwinMar 27, 2026, 7:19 AM
The timing is the dumbest. Either you attacked during the protest+insurection to try to divide Iran, or you waited for Komenei to die of his cancer and the election of another priest as the supreme leader. The guardians of the revolution part of the army would have been loyal to komenei's clan, so the choice would have been to let go the power or to start internal struggles.

Now they got to switch from a theocracy to an effective monarchy, for free.

karim79Mar 26, 2026, 11:55 PM
[repost] Nonsense. There's no evidence whatsoever that Iran were planning to attack neighbouring countries nor is it in their interest. This is all Israel-fabricated bullshit which goes back about four decades.

Repost because of the clear strategic downvoting of my other comment.

I repeat: provide some evidence.

karim79Mar 27, 2026, 2:24 AM
[repost, response to the strategically flagged comment about mountains of evidence about Iran's imminent violence to its neighbours]

There is not any otherwise you would present it. The only destabilising force in the ME is Israel. And there's plenty of evidence to prove as much. E.g. the minimum of seven wars started by Israel over just the last ten years.

karim79Mar 26, 2026, 10:56 PM
Nonsense. There's no evidence whatsoever that Iran were planning to attack neighbouring countries nor is it in their interest. This is all Israel-fabricated bullshit which goes back about four decades.
FridayoLearyMar 26, 2026, 10:58 PM
[flagged]
karim79Mar 26, 2026, 11:04 PM
There is not any otherwise you would present it. The only destabilising force in the ME is Israel. And there's plenty of evidence to prove as much. E.g. the minimum of seven wars started by Israel over just the last ten years.
jselysianeagleMar 26, 2026, 11:02 PM
Where is this "mountain of evidence" that an attack from Iran was imminent?
vrganjMar 26, 2026, 11:02 PM
Help me make up my mind, could you link said mountain?
CamperBob2Mar 26, 2026, 11:09 PM
"We know where they are. They're in the area around Tehran and east, west, south and north somewhat." [1] - Donald Trumpsfeld

1: https://www.azquotes.com/quote/597820

karim79Mar 26, 2026, 11:20 PM
I can't tell if that was posted as a joke or is serious. The Rumsfeld who also swore that Iraq had WMDs.
CamperBob2Mar 27, 2026, 2:39 AM
It's a joke.

With Trump and his supporters, the stupid never stops. Just today, JD Vance warned of nuclear suicide vests. [1]

Somebody, please, tell me that I'm the idiot, and that I've fallen for an AI video.

1: https://xcancel.com/greatbong/status/2037275054472622381

dttzeMar 26, 2026, 11:22 PM
[dead]
jazzpush2Mar 26, 2026, 11:12 PM
[flagged]
juliusceasarMar 26, 2026, 10:54 PM
[flagged]
zahlmanMar 26, 2026, 10:56 PM
> Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. If they'd cover it on TV news, it's probably off-topic.

This doesn't tell us anything new (we've already had many stories explaining that oil prices have been elevated for almost a month now; the revenue is a natural and entirely expected consequence) and really only serves to give another place for people to shop around their preferred theories about the politics behind this, and to complain about whichever political figures they prefer complaining about.

bdcravensMar 27, 2026, 6:23 PM
As long as you're concerned about guidelines:

> If a story is spam or off-topic, flag it. Don't feed egregious comments by replying; flag them instead. If you flag, please don't also comment that you did.

comrade1234Mar 26, 2026, 11:04 PM
Taiwan, Korea, and other Asian countries are running out of fuel and natural gas for electricity. Computer components are already about 2x their price a year ago.
zahlmanMar 26, 2026, 11:35 PM
Yes, and again this has already been repeatedly discussed in multiple recent submissions.
comrade1234Mar 27, 2026, 12:30 AM
Some of us don't live here 24h/day.
aaron695Mar 27, 2026, 2:05 AM
[dead]