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Are you listening to Fox ?
Gasoline prices are set globally. No major economy subsidizes them. The only difference is in the US the oil companies are keeping the extra earning. US consumers are paying 35% more for gasoline.
And US exports sweet crude but imports oil from Mexico and Canada. More of its refineries use this importated crude. Both are charging market prices.
Diesel is up by 45% and so is fertilizer. All are heavily concentrated from the region.
Tomorrow's GDP slow down are going to reflect it.
There are no victors in this war. Everybody is losing.
$40BN of oil / gas infrastructure destroyed. $10Bn of US military bases in the region destroyed. And this does not reflect the cost from the loss of production in GCC nor the impact of Israeli economy shut down.
You think all this happened through some jedi mind trick ? How is this 'unable to do anything' when this is one of those wars that attackers and attacked are both facing similar effects.
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The impact of rising oil prices on industry and agriculture is very significant. The price of fertilizers on the international market has risen rapidly.
China's fertilizer industry primarily uses coal rather than oil, so the impact is smaller, resulting in a huge price gap. There have already been some cases of fertilizer smuggling. It is said that India recently sought to purchase a large quantity of fertilizers from China, but China's production capacity was insufficient to meet all of India's demand. India is buying fertilizers from other sellers at high prices.
If oil prices continue to rise, international food prices are likely to experience fluctuations as well.
China's fertilizer industry primarily uses coal rather than oil, so the impact is smaller, resulting in a huge price gap. There have already been some cases of fertilizer smuggling. It is said that India recently sought to purchase a large quantity of fertilizers from China, but China's production capacity was insufficient to meet all of India's demand. India is buying fertilizers from other sellers at high prices.
If oil prices continue to rise, international food prices are likely to experience fluctuations as well.
Israel was shocked by Hezbollah's simultaneous attack with 8 FPV kamikaze drones and began withdrawing its military forces from Lebanon. So, Israel's F-35s couldn't save them, apparently
Israeli Channel 15 reported that earlier this morning, Hezbollah launched eight explosive drones simultaneously at an Israeli troop from multiple locations. Israeli newspaper Israel Hayom has acknowledged that there is currently no effective technological or operational solution capable of fully countering the threat posed by explosive fiber-optic drones operated by Hezbollah in #Lebanon. According to the report, the evolving drone capabilities are outpacing "Israel's" ability to develop reliable counter systems, leaving troops deployed in southern Lebanon dependent on improvised and incomplete field solutions. Another Israeli media outlet frustratedly described that Israeli occupation soldiers are like "ducks in a shooting range" against Hezbollah. Earlier, Israeli outlet Maariv reported, under the "permitted to publish" clause, that an Israeli occupation soldier from the 13th Battalion of the Golani Brigade operating under the 7th Brigade’s combat team was killed, and 15 others were wounded after Hezbollah launched a series of explosive drone strikes targeting the forces.
Israel was shocked by Hezbollah's simultaneous attack with 8 FPV kamikaze drones and began withdrawing its military forces from Lebanon. So, Israel's F-35s couldn't save them, apparently
Israeli Channel 15 reported that earlier this morning, Hezbollah launched eight explosive drones simultaneously at an Israeli troop from multiple locations. Israeli newspaper Israel Hayom has acknowledged that there is currently no effective technological or operational solution capable of fully countering the threat posed by explosive fiber-optic drones operated by Hezbollah in #Lebanon. According to the report, the evolving drone capabilities are outpacing "Israel's" ability to develop reliable counter systems, leaving troops deployed in southern Lebanon dependent on improvised and incomplete field solutions. Another Israeli media outlet frustratedly described that Israeli occupation soldiers are like "ducks in a shooting range" against Hezbollah. Earlier, Israeli outlet Maariv reported, under the "permitted to publish" clause, that an Israeli occupation soldier from the 13th Battalion of the Golani Brigade operating under the 7th Brigade’s combat team was killed, and 15 others were wounded after Hezbollah launched a series of explosive drone strikes targeting the forces.
Latest situation at the Israeli artillery base struck by Hezbollah using FPV drones.
