The US is on pace to run out of its strategic reserve in ~2 weeks.
Gas prices nationwide have been dropping for a month, despite no peace treaty being signed. I don't understand it.
Isn't the US self-sufficient in both oil and natural gas? Most impacted is East/South Asia, second most is Europe, then US is the least impacted by far, although the US will experience inflation on imported goods.
I don't think that's true, but if it is then Iran would be foolish to make a deal right now.
Four weeks ago, California received the last of the shipments coming from the Strait. Everyone said CA only has on hand six weeks of supply. There was a bunch of panic baiting posts at the time. I haven't seen any suggesting that the supply is coming to an end, but maybe I've missed stories of resupplies coming in to the west coast??