X @Nick Szabo

The situation in Hormuz is akin to Mutual Assured Destruction (MAD), but with oil (and chemical feedstocks, fertilizer, and food) instead of nukes.Elijah J. Magnier 🇪🇺 (@ejmalrai):Iran has prepared retaliation for any attempt to strike its oil production. If its energy infrastructure is targeted, Tehran has signalled that the response will not remain confined to its own territory but will expand across the region’s energy system. In practical terms, that ...