🎞 The main crisis of others will become apparent in the second closure of the Strait of Hormuz within...

🎞 The main crisis of others will become apparent in the second closure of the Strait of Hormuz within a month. ▪️ In the previous period, several scenarios such as releasing reserves, reducing, and optimizing consumption were implemented, but the point that nearly all energy experts now agree on is that the impact of consumption reduction and optimization methods has already reached its limit. ▪️ In the same period, that is, this month, China has reduced its oil imports by about 40% compared to the same time last year; it means it has pressed itself as much as possible, but from here onward, it cannot do more. This is a difference between the blockade of the Strait of Hormuz now and the last time. ▪️ Last time, the pipelines that bypass the Strait of Hormuz were brought to their highest capacity, which should reflect in the product prices; for example, the price of diesel in Europe increased by 14% this week, meaning the situation of products is much worse than the situation of oil. ▪️ We must note that the cold season is approaching and estimates suggest that if this situation of the second closure of the Strait of Hormuz continues for four to five more weeks, we will definitely face an unprecedented crisis in the world. 🎤 Amirhossein Taqipoor, head of the economic desk at the Tasnim War Interpretation Group War Interpretation