By way of comparison, Iraq's oil production didn't return to the pre-war level u... | Hacker News

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		roryirvine 59 days ago \| parent \| context \| favorite \| on: U.S. Navy turns down Hormuz escort requests becaus... By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012. It's probably reasonable to expect several years of disruption to Iranian oil even if sanctions were to be completely lifted in the very near term.

BurningFrog 59 days ago [–]

Sure, but blocking Iraq, Kuwait, Saudi, Qatar etc from exporting through Hormuz has a much bigger effect on global oil prices, and that can be resumed immediately if/when the war stops.

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