There`s a whole array of strategic bungles in this operation, it deserves a thread. 1/ below

Duncan Weldon(duncanweldon.bsky.social): A few weeks ago oil was about $70 a barrel and Iran was mostly selling at an often steep discount to China. The US Treasury will now let them sell at $110 a barrel on the open market for a few weeks at least. I’ve read quite a lot about the history of economic warfare. This is quite new.

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