Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.

A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.

“You will not be able to artificially lower the price of oil. Expect oil at $200 per barrel,” the spokesperson said in a statement. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”

Global oil prices have fluctuated wildly this week during continued US-Israeli attacks against Iran, which has retaliated by firing missiles and drones at targets across the wider Middle East.

The closure of the Strait of Hormuz, through which about one-fifth of the world’s oil supplies transit, and production slowdowns in some Gulf countries have raised concerns of further disruptions.

>>1496414
According to them the Strait now has at least a dozen naval mines in it. It is now officially going to be impossible for use for years to come even if the war ends tomorrow. No oil tanker will go through mined waters. Oil prices will not lower for the next 20 years.

Concerns around the duration of the war, which began on February 28 and has shown no sign of abating, are also adding to uncertainty, sending oil prices soaring.

On Wednesday, three ships were hit by projectiles in the Strait of Hormuz, maritime security and risk firms said, including a Thai-flagged cargo vessel that came under attack about 11 nautical miles (18km) north of Oman.

Despite the risks to maritime traffic, US President Donald Trump encouraged ships to continue transiting the Strait of Hormuz on Wednesday. “I think they should,” Trump said when asked whether vessels should pass through the waterway.

“I think you’re going to see great safety, and it’s going to be very, very quickly,” Trump said.

Earlier, UN aid chief Tom Fletcher called for “exemptions” for aid to transit the strait, warning that humanitarian supplies were not reaching “areas of key need in sub-Saharan Africa”.

“We’re appealing to all the parties to try and secure those routes, including the Strait of Hormuz, for our humanitarian traffic … so we can reach anyone, anywhere, on the basis of greatest need,” Fletcher said.

“We’re living through a moment right now of grave peril,” Fletcher added.

World leaders, including members of the Group of Seven (G7) and the European Union, have been mulling what action to take in response to the war’s impact on global economies.

Christian Bueger, a professor of international relations at the University of Copenhagen and an expert in maritime security, said Europe will be facing “a major energy supply crisis” if the Strait of Hormuz is not reopened.

“For the shipping industry right now, it’s impossible to go through the Strait of Hormuz,” Bueger told Al Jazeera. “And if there are not stronger signals in the near future that they can at least try to go through the strait, then we are looking at a major shipping crisis, which can last weeks if not months.”

On Wednesday, the International Energy Agency (IEA) announced that its 32 member countries had unanimously agreed to release 400 million barrels of oil from their emergency reserves to try to lower prices.

“This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” IEA Executive Director Fatih Birol said during an address from the agency’s headquarters in Paris.

“But to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz,” he added.

The reserve supplies will be made available “over a timeframe that is appropriate” for each member state, the IEA said in a statement without providing details.

German Economy and Energy Minister Katherina Reiche said earlier in the day that the country would comply with the release while Austria also said it would make part of its emergency oil reserve available and extend its national strategic gas reserve.

Meanwhile, Japan’s Ministry of Economy, Trade and Industry said it would release about 80 million barrels from its private and national oil reserves.

Japanese Prime Minister Sanae Takaichi said the country, which gets about 70 percent of its oil imports through the Strait of Hormuz, would begin releasing the reserves on Monday.

>>1496414
>not one litre will get through
>millions of gallons are currently getting through as we speak
Okay Iran.

>>1496416
Could be. There’s no way to sweep right now so long as Iran can drone swarm or otherwise attack the sweepers

>>1496421
A handful of tankers doesn't do shit when normally it's about 50-60+. And now that there's the threat of naval mines, that small number is going to drop to fucking zero.

>>1496421
I’ve seen estimates of half a million per day getting through on tankers with their trackers switched off, so you aren’t wrong but I think what the Iranis are saying here is that they’re intending to allow nothing to get through ie they’ve closed the strait

>>1496421
This

Honestly Iran has had its literal face kicked in. I have a buddy who is staunch Democrat from sf bay area, who's also half Iranian and has been telling me the large majority of Iranians love trump for this. He doesn't like trump, but he fully supports this action and told me it was nice someone is finally taking out the Ayatollah and the irgc

Essentially irans entire navy is at the bottom of the straight, their drone factories are leveled stopping any major production, and they are pretty much out of missiles

The three reported "tanker" strikes are not against tankers but 2 bulk carriers and a container ship... Just random ship strikes, really

They strikes are believed to have been from the types of drones that carry small bombs, which is why nobody was even hurt on 2 ships and the ships are still operating. The third (the Mayuree Naree) did have a brief fire that was quickly extinguished and the 20 crew decided to evacuate and nobody was injured.

Modern marine mine sweeping is fast and efficient I don't see a problem there either despite braindead Dems falsely claiming the straight will be unusable for a generation

>>1496426
>Modern marine mine sweeping is fast and efficient
Maybe when they're not being actively bombed for trying to do so. We aren't even going to begin to be able to mine sweep the strait until the conflict is over.

>>1496426
quite an elaborate lie there, sir

>>1496426
Hopefully no innocent tanker pilots fall for this bullshit and end up getting killed somehow

>>1496426
>>1496428
As a proud Black American, I can confirm that retard is lying. They're actually a homeless indian expat living behind a Starbucks in New Jersey. I was heading there with my dog (a lovely Golden Retriever named Scrambles) when I heard them loudly smoking fentanyl, dictating their post into an old phone while furiously masturbating to some transexual porn rag.

I had to stop Scrambles from rushing up to greet them (Scrambles loves people) and a cop inside the Starbucks informed me that they've tried to deport them several times, but ICE keeps releasing them for some reason.

Seeing the actual post on 4chan is wild! Buddy, you gotta stop jerking off in public and just go back to your home country instead of shilling. Your family can help you!

>>1496429
Their insurance won't let them.

BREAKING: two tankers are now on fire off the coast of Kuwait.

>>1496433
Trump should insure them. Only thing is he can’t be trusted to not pay out

>>1496437
Even if he did the risks would not be worth it. One mine hits these ships and they're fucked. Even if Trump's statement that Iran "failed" was taken literally even the risk of them theoretically being there is too much for 99% of ships to even consider.

>>1496436
Source?

>>1496439
>https://investinglive.com/commodities/oil-price-leaps-higher-on-news-of-2-tankers-attacked-in-the-gulf-20260311/

> leftists rejoicing because they think oil tankers are burning
It's astounding to me how leftists cheer on negative things just because they think it can be used to make Trump look bad, truly it's a defining symptom of TDS.

I mean, when Biden was President I would see the conservatives on this board bitch about Biden, bidenflation, skyrocketing illegal border crossings, etc, but they never talked about it positively because they could use it to insult Bidens policies

American progressives have a rate of mental illness twice that of Independence or conservatives, and behavior like this really just highlights it honestly.

>>1496439
The source is Lookner, but it's breaking across other sources.
https://breakingthenews.net/Article/Two-oil-tankers-catch-fire-after-strike-off-Iraq-coast/65854616

>>1496441
Where are these leftists? Are they only in your imagination again?

>>1496428
>>1496432
Try meeting people outside of your echo chamber. Keeping yourself isolated in there does more harm than good to yourself

>>1496443
>Where are these leftists
>>1496443

>>1496445
>everyone who replies to me is a leftist
So you're a mental case. I should have known.

>>1496442
Damn that really sucks.
Fucking with American oil interests is just about the most surefire way to get a ranger battalion deployed to your country to murder every family they come across

>>1496441
it's funny being called mentally ill by the side that literally wants to bring about the apocalypse

>>1496447
We're literally already bombing them and they know that boots on the ground will get Trump impeached. No one in the US wants us to deploy to Iraq.

>>1496421
>>1496426
>anecdotal evidence
So what happens when gas prices spike and your latest lies are exposed?

Also the US Navy is too scared to run escort for the tankers and are openly disobey trump commands because of it. Then again they'd be dying to keep the oil flowing.
The big problem is trump is now going to empty the strategic reseve to cook the books so when shit really hits the fan, there will be nothing left.

>>1496449
> they know that boots on the ground will get Trump impeached.
The republicans will never do anything against trump

>>1496452
>The republicans will never do anything against trump
It won't be Republicans doing it. Outrage over that will lead to a brutal blue wave in November that gives Dems a complete majority to remove Trump.

>>1496453
I'm sorry but there aren't enough Senate seats up for grabs to turn the Senate blue.

>>1496454
TEXAS' seat is competitive this election. Combined with the increasing resignations from Republicans, nothing is impossible. Nevermind if Republicans finally recognize Trump for the political rat poison he is (unlikely but still a small possibility)

Honestly Iran reminds me of this video
https://i.4cdn.org/wsg/1772537397399352.webm

>>1496441
41% of Americans believe Trump went to war for Israel

>>1496414
>expect $200 price tag
crude oil futures are only up 6% so far

>>1496458
Trump went to war for Saudi Arabia.

>>1496453
That assumes trump won't stage a coup (by declaring an 'emergency') and cancel the elections.

All you libbers whining about this but isn't this what you wanted? This is going to make people use less oil. Just goes to show that the libbers are a bunch of hipocrates.

>>1496474
no liberal wants a pants shitting pedophile to murder hundreds of children and start an illegal war, no

>>1496453
You mean when they cheat. Americans may not like this war, but the polls never asked if they thought it was necessary. The support is probably much higher.

>>1496476
god you're esl

>>1496443
Typically, they project the fervency they experience for their guy onto the other team. It's why you get weird takes about how the left worships Hilary like their god or are willing to kill and die for Biden. Politicians, both democrats and republicans (but moreso the former), are for the most part boring, anti-charismatic, out of touch fossils like Schumer. It's why they don't even have a floor of support like Trump does.

>>1496474
I can't imagine being so far right as you are that you think discussing current news makes you a 'libber'.

>>1496462
Nobody thinks this

>>1496476
>Guys they don't LIKE this war but they totally think we have to do it!
>Trust me guys

>>1496476
Nixon claimed to have silent support too
People dont want a war for Israel

>>1496427
>We aren't even going to begin to be able to mine sweep the strait until the conflict is over.
EX-SQUID HERE. CITATION FUCKING NEEDED. TELL ME MORE HOW WORLD'S GREATEST NAVY CAN'T MINESWEEP INNA CONFLICT!

Iran, the dems, and the snobs looking down their powdered nose from us in Europe have humiliated us for years. This is revenge. The Age of Retribution is at hand!

So glad my proxys invested in oil stocks a week B4 Iran bombing

>>1496476
>Americans may not like this war, but the polls never asked if they thought it was necessary. The support is probably much higher.
We conservatives live in the real world, one that is governed by strength, force, power, and fear. These are the iron laws of the world that has governed humanity since the dawn of time. Nothing else matters. We are strong and they are weak. Leftist can make up all sorts of reasons, but at the end of the day, we are doing it because we can. This is to send a message to all of our enemies to fear us. To tell them that Trump is vengeance and it is coming.

>>1496497
Not him but I think he meant safely as in without suffering casualties. Of course they can start sweeping it under fire

>>1496501
How does America win this war?

>>1496504
Nukes.

>>1496504
It can't and it won't.

>>1496501
The whole point of WW2 and American history class is might doesn’t make right.
America playing world police and bullying other nations like this doesn’t pay off for you and me

>>1496504
Water.
https://youtu.be/jIS2eB-rGv0?t=1862
Professor Jiang goes over the water stress faced by Iran and the Gulf States, the GCC
https://foreignpolicy.com/2026/03/09/iran-water-drought-desalination/

>>1496510
Suez Crisis was the sitution that proved might doesn't make right.
Either way, conservatives want dictatorships so it doesn't matter to them.

>>1496511
Do that and they'll do the same to the arab nations and we'll be in a new heap of shit.

>>1496501
But Vatnik, you can't even defeat Ukraine, so it's clear your world view is a failure.

>>1496501
>He says, with this strategy having literally only accomplished getting us into decades-spanning quagmires that wasted thousands of american lives for no good reason every single time its been tried.

>>1496517
>we'll be in a heap of shit
No, the arab nations will be.
It's the Arab stock market that is tanking, not the United States.
https://www.agbi.com/markets/2026/03/dubai-and-qatar-stock-indexes-plunge-in-iran-war/

At least the oven dodgers got their war. As long as they're happy, everyone else can suffer.

>>1496513
I think they just want revenge. The form of government doesn't really matter. I've read plenty of jokerpilled posts on 4chan that amount to life is shit, there is nothing you or anyone else can do to fix it, and the only thing you can do is make sure that those who are responsible are worse off and laugh into the night as the world burns to cinders.

>>1496531
>At least the oven dodgers got their war.
What a strange thing to say about the people who started the war.

>>1496530
Oil price spikes fuck us all over. You forget the whole reason we deal with these guys is because they control a massive chunk of that all important oil.

>>1496414
Good thing we use gallons of oil in the US.

>>1496542
This is going to cause problems for other countries which are US allies, like Japan, or neutral countries.
It is not going to really effect the United States that much as the US has a degree of self suffiency, doubly so when supplemented by Mexico and Canada during more regular North American relations.
So you will be able to fill up at the pump, even if the price sucks, and some people will be priced out of driving, while in places in the middle east will go thirsty, and Tiger economies will face economic contraction and gas shortages.

>>1496548
>doubly so when supplemented by Mexico and Canada during more regular North American relations.
Well really good thing we didn't do anything to piss them off recently, right?

>>1496550
Trump has alienated North America.
Mexico became subservient, while Carney lead Canada in Resistance. I think Trump could end up opening more drilling in the Gulf of America which are closer to Mexico's territory, and they will concede it while the public resents it, but the Mexican government has more serious problems domestically with Cartel violence to make the defense of abstract offshore oil rights a priority.

>>1496432
what are you so proud of?

>>1496496
Israel is our only loyal ally. Why shouldn't we back them up to take down a state that has been our enemy for decades? The American people elected Trump to enforce peace through power and that is what he is doing.

>>1496532
That's only the MAGA sub sect where cruelty is the policy.
Conservatism as a whole however always want an authoritarian government run by the few. Either it be a monarchy or the billionare elites, they don't care, conservatives just want to keep power out of the hands of the masses.

>>1496553
Israel is a theocracy incompatible with democratic values. It's also currently being run by war criminals.

>>1496555
More broadly, its:
>Laws that protect, but do not bind me.
>Laws that bind, but do not protect the other.

>>1496557
Correct. America is a limited resource with a large number of hands trying to pull from it on racial, cultural and religious grounds.
What comes to the benefit of one person comes to the cost of another. Whether that be jobs, food, healthcare, living space or anything else, this truth is self-evident.
Republicans want to exclude the Other and give resources to their own people. Democrats want to take resources from their own people and give them to the Other.
Where the Republicans have gone wrong is that they confuse a foreign nation with their own people.

>>1496558
One of the reasons why this war is good is that it will create a national identity. I wanted us to conquer Greenland or Canada as those countries would be easier and you could take more from them, but Trump knows better. The camps are going up and it looks like there will be many more than Germany ever built and they will be bigger. THis is necessary if we are to deport around 40-50% of the population.

>>1496559
Why the fuck are you so obsessed with conquering Canada? Is it because South Park made a joke about it?

>>1496558
>What comes to the benefit of one person comes to the cost of another. Whether that be jobs, food, healthcare, living space or anything else, this truth is self-evident.
Retard.

>>1496561
What's the problem?

>>1496559
Killing you will also be good, since it will open up vacancies for more deserving people to move in.

>>1496530
Those Arab nations are US allies and host US military bases and allow the US to launch operations from there. It would be against US interests for them to not have enough water. The Israelis already bombed a desalination plant in Iran the other day and Iran responded by bombing a desalination plant in Bahrain. Who’s going to pay for that?

>>1496558
>>1496564
The problem is this is flagrantly not true. The economy is not zero-sum, meaning there is only so much value and one person's gain represents someone else's loss.

Do you know the full name of that concept? The zero sum FALLACY. They teach that in ECONOMICS 101.

Republicans want to take resources from their own people and give them to CEOs and oil executives.

You are a massive, irredeemably stupid cunt. If the economy were zero sum, you should kill yourself.

>>1496564
Look up Zero Sum Fallacy you fucking retard. Society literally does not function the way you describe; if it does it would've collapsed centuries ago. You are literally treating IRL like a video game where there can only be a winner or loser.

>>1496569
>>1496573
>The zero sum FALLACY.
It's called resource scarcity, retard. We don't live in the Star Trek universe whereby all resources are produced and consumed in a system with a 1:1 lossless ratio to match a growing population.

>>1496573
yes goy there is unlimited resources for you nevermind 0,1% stashing 99% of wealth, you can surely be a billionaire too! concentraton of wealth in a hands of a few never happened! See you can buy iphone! So what if you can not afford a house 3 kids and a not working wife and Homer Simpsons life now looks like a dream instead of a joke!

>>1496574
>We don't live in the Star Trek universe whereby all resources are produced and consumed in a system with a 1:1 lossless ratio to match a growing population.
Literally part of the fallacy. This only applies if you're in an environment cut off from outside resources with no ability to create their own. You legitimately have the worldview of a medieval peasant.

>>1496575
The rich hoarding wealth doesn't make reality zero sum. Jesus christ do you people not have a basic idea of economics? You do realize even the rich need people to work for them or the money is fucking meaningless?

>>1496575
Explain "stashing the wealth" to me and how it's different from unrealized gains from owning stock

>>1496576
>This only applies if you're in an environment cut off from outside resources with no ability to create their own.
You mean like gold, iron, oil etc?
You're an idiot.

>>1496574
Not even the budget constraint makes an individual's choices a zero sum game, thanks to indifference curves, and every transaction in the economy results in both parties getting something they would rather have - the seller would rather have money and the buyer would rather have goods, so the buyer's loss of money and the seller's loss of goods is more than offset. This isn't even getting into how labour adds value to a product as much as resources or capital does, or how there's a gigantic fusion reactor in the sky blasting us with near-limitless energy. It's nowhere near zero-sum, you fucking retard.

>>1496582
but you don't understand, poors can't appreciate billions of dollars of steak and lobster, so they have to buy it with your tax money

Anyone who thinks this will only affect the price of fuel at the pump is a retard fyi. Not only does this affect the fertilizer market (aka food), it's going to cost more to fuel the ships themselves. So the cost of shipping goods will go up, which will be passed to the consumer.

Trump has continually fucked up the Iran situation starting when he backed the US out of the nuclear deal that Obama set up in 2015 (which was going to kick the can and put a pause on Iran's program for 15 years, theoretically giving us time to figure out further diplomatic solutions). If he didn't do that, there is no reason to bomb them back in 2025 and further eroding any diplomatic solutions, resulting in this retarded quagmire.

I get that Iran needed to get it's shit pushed in, but having no contingency to deal with the inevitable trade disruption in the Hormuz and Persian Gulf is so fucking retarded.

>>1496582
Resource scarcity makes reality zero sum. You're pulling from a finite pool of resources whenever you purchase something, not creating it out of your imagination.
That's literally why territorial wars occur; people compete for living space and other resources. You can even see it in the animal kingdom amongst primate and wolf populations.
This is also why you see people rally around racial, cultural and religious grounds to pool resources. It's an evolutionary survival mechanism. Except if you're a conservative, then you've been tricked into believing that fractional reserve banking means resource scarcity doesn't exist and debt defies gravity.

>>1496560
https://en.wikipedia.org/wiki/Cascadia_movement

>>1496585
Shill Johnson is right
I had to beat my neighbor to death yesterday for a side of beef. I wouldn't have to do that in your lala star trek world

>competition for resources doesn't exist, look at all these abstractions I've created to obfuscate the problem
>now let me explain to you why strangers are equally as valuable as your own family and why we need to protect Israel

>>1496588
>strangers are equally as valuable as your own family
when did that become a conservative belief?
Or are you just projecting your instinctive ballwashing of Israel onto Dems again?

>>1496589
Did you never think it odd that white Americans keep simping for jews in Israel?

>>1496590
why are you pretending to be a white american?

>Confirmed that oil tankers heading to china are not being interdicted.
>Meanwhile tankers heading for america or the west are being shot on sight
trump's incompetence is amazing

>>1496591
You are jewish.

>>1496585
All wars are political. Even your most pure definition of a resource war is political because there’s a thing called trade, there’s no need for any resource wars if trade can occur.
Stop using terminology like zero sum when you don’t know the actual meaning

>>1496606
but I'm not getting my dick sucked by MAGA
how can I be jewish?

>>1496608
Trump fucked up trade so now in the shill's mind trade was actually always impossible and Trump just did what had to be done, because they physically cannot acknowledge Trump's mistakes.

>>1496610
>Trump's mistakes.
Bidens mistakes

>>1496611
Biden didn't try to tariff the whole world.

>>1496610
Trade was fine before the war and if Israel stopped the genocide and gave equal rights to the Palestinians the Iranians would sell oil to them too.

>>1496623
Biden caused 20-25% inflation between the start and end of his presidency
He promised to lower the price of housing. It went up 36% under his presidency

>>1496717
stay on topic shill, you can't use the "break it and point at it" defense until there's a democrat in office who has to deal with the new global crisis trump just caused

>>1496717
We're talking trade, not housing. And Trump doesn't have recovery from a pandemic to shoulder blame.

>>1496600
how many have been sunk? the strait is still flowing.

>>1496731
Biden didn't tariff the whole world
He just caused massive inflation and broke his campaign promises

>>1496777
i said stay on topic shill. you have orange cock to suck

>>1496777
Are you acting like things are better under Trump?
Biden is old news. No need to talk about him.

>>1496777
I love how the chuds blame Biden for the pandemic response which Trump fucked up.
>b-but Biden caused the inflation!
If that was true then why did every other country also have inflation?

>>1496818
The countries which locked down hard and printed money for people not to work experienced inflation.
Countries which didn't, didn't. Look at Africa, they for the most part didn't lockdown in reaction to covid, and they didn't face inflation. Japan went with a travel lockdown rather than a physical one, and used shutting down bars and restaurants early as a pressure release valve, and didn't face inflation during the Covid years

>>1496819
>Japan went with a travel lockdown rather than a physical one, and used shutting down bars and restaurants early as a pressure release valve, and didn't face inflation during the Covid years
What the fuck are you talking about? Japan literally went from near zero inflation to 3% due to COVID. It only went down below 2% last year. The only reason their inflation from COVID was relatively low is because it was already low beforehand.

>>1496819
i think the real answer was to build a wall between the mason dixon line so that all those infected with the trump mind virus could die in peace without exposing people north of the wall. maybe if lincoln wasn't assassinated that wall would've been constructed already

Not sure what Covid has to do with the Strait of Hormuz

>>1496818
>Biden caused the inflation
Well this is true though, biden's money printing habit he called the build back better plan largely caused Bidenflation
>>1496818
>why did every other country also have inflation?
This isn't true at all and you should feel ashamed. Plenty of countries didn't have inflation, Switzerland Japan China Saudi Arabia Singapore... Probably the highest one here was Switzerland at 6%. Everything else was 3% or below.

A disease doesn't cause monetary inflation, retard.
Government policy in response to that disease is what causes inflation, such as Biden printing a bunch of money

>>1496821
The inflation rate in Japan during 2020 was slightly negative, generally reported around
-0.02% to -0.03%, indicating a marginal deflationary environment.
The average annual inflation rate in Japan during 2021 was -0.23% (or approximately -0.2%), indicating a slight deflationary environment for the year, notes Statista and the Federal Reserve Bank of St. Louis.
The annual inflation rate in Japan for 2022 was
2.5%, marking a significant rise from the previous year's deflationary trend. This increase was primarily driven by rising energy and import costs rather than high demand. Compared to other major economies, Japan's 2022 inflation remained relatively low
Would you like me to compare that level of inflation with the United States over those 3 years?

>>1496826
>A disease doesn't cause monetary inflation, retard.
No but mass impact on trade, especially shipping, and business does.

But enough about COVID and you being trapped in 2020, we're talking about the Strait.

>>1496740
Flowing to China

>>1496821
>3% inflation
So what you're saying is they had virtually no inflation during/after covid?

>>1496840
>But enough about COVID and you being trapped in 2020, we're talking about the Strait.
Nice way to change subject after you got btfo, but ultimately I agree this is about the strait of Hormuz

>>1496842
Going from negative inflation to 3% positive is still inflation.

>>1496838
So you read the data that they're citing, and which supports that anons statement, good.

>>1496975
Japan shut their borders for tourists for years, while having weaker covid restrictions. Their inflation rate was a cumulative 2.25% over 2020, 2021 and 2022.
The United States over that same period was
2020: 1.2%
2021: 4.7%
2022: 8.0%
or a cumulative 13.9%

>>1496826
>I was told to hate Biden and the Build Back Better Act so I will blame it for everything.

The BBB Act was about 2.2 trillion dollars in spending, about half of which was expected to be recouped by taxes also in the bill (mostly cancelled by Trump).

Trump signed the 2.2 trillion dollar Coronavirus Aid, Relief, and Economic Security Act in March 2020 and the 900 Billion Consolidated Appropriations act in December, and Biden signed the 1.9 trillion American Rescue Plan act in March 2021. Those are the big direct COVID related spending bills, and combined they dwarf the BBB Act, which was mostly about fulfilling Bidens campaign promises such as a shitload of infrastructure spending that had been deferred for decades and literally anyone in infrastructure can tell you was sorely needed.

It's the COVID bills (and the general rise in spending of both the Trump and Biden administrations) that did most of the inflation driving, because most economic impacts take years to occur.

>>1496977
Congratulation, you have identified that Japan is: not the USA!

>>1496818
>If that was true then why did every other country also have inflation?
>>1496821
>What the fuck are you talking about? Japan literally went from near zero inflation to 3% due to COVID. It only went down below 2% last year. The only reason their inflation from COVID was relatively low is because it was already low beforehand.
Are still 100% correct statements.

>>1496979
Every country had inflation
Japan had 2.25% and light lockdowns
The United State had more restrictive lockdowns and 13.9% inflation.
Correlation is not causation, but correlation is correlation.

>>1496980
If you ignore everything else it's dead easy to find a pattern of two things even if it's asinine. Apples and oranges are both fruits and both sweet therefore sweetness causes fruit!

Japan has low inflation because it's had low inflation for 30 fucking years. That 3% is the highest it's been since the EARLY NINETIES. Their central bank was jizzing themselves when they saw that because they've spent trillions of dollars trying and failing to make that happen and get out of their stagnant rut, and now they're frustrated because that inflationary hardon is going limp. Context is key. There's 50 fucking reasons why they WANT inflation that you could learn if you cared about more than winning cherrypicked internet fights.