The factoid thrown around is that roughly 20% of the world’s oil supply travels through the Strait of Hormuz. Since it closed, my local gas prices in one area of the US midwest have gone from $2.60 to now $4.10 presumably as reserves have been used up.
I could understand a 20~30% increase in price to correlate with the reduction in supply, but what are the economic factors that lead to what feels like such a disproportionate increase?
But the reality of your hypothetical situation would be fighting not bidding. So I call bullshit on your story.
Supply is controlled, demand is artificially created and nurtured by capitalists because its a way to capture the market.
We are all being manipulated into thinking they are honest when the exact opposite is true.
The straights of Hormuz is closed because the fascists/capitalists are making money, plain and simple.
Good luck living in their reality. Tell the fox that you are not hens and you might survive.