Welp, This Will Be Interesting

France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes following attacks by the United States and Israel, France 24 reports.

According to him, this has left a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.

Which means that even if Bibi and Donnie's Most Excellent War stopped today, the ramifications will continue for years.

The best is yet to come, as the last ships that had left the Persian Gulf before the war started arrive at their delivery ports. This map shows global oil imports from the Guld and when the deliveries from the Gulf will end:

In a month, the globe will go from just feeling the price of oil rise to having actual shortages. In the US, we don't import a lot of oil from the Gulf, so we're not going to see much in the way of shortages. But oil is a global commodity and so is the pricing.

It's not just oil, of course. It's also aluminum, helium, natural gas and fertilizer. All of which will be in somewhat short supply, thanks to this war.

Meanwhile, the Orange Sundowner is blathering about attacking electrical generation and desalinization plants if Iran doesn't knuckle under. To say that doing that would be a war crime is beyond obvious. It's the sort of thing that his boss would do, another perpetrator of war crimes en masse.