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Trump celebrates Strait of Hormuz collapse

Trump's calling the loss of the Strait of Hormuz "genius" because Texas is now the world's oil dealer. "It's sort of amazing." This is what happens when a moron gets access to a platform. One of the most critical global trade routes gets blockaded, tankers get targeted, shipping insurance spikes through the floor, and instead of acknowledging the crisis, he's patting himself on the back for Texas oil sales. The Strait handles 20% of global oil traffic. Its closure is a geopolitical catastrophe dressed up as a win. Meanwhile, oil prices should be in freefall if his story were true. They're not. Because countries aren't "buying from Texas" - they're scrambling to reroute through longer, more expensive, more dangerous channels. But reality doesn't matter when you can just declare victory and move on.
x.com US Politics Economy

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