
Mines may be a last resort but, until then, Iran is selectively allowing transit, to its benefit. I can't for the life of me believe this wasn't thought out...selective transit was so obviously a tactic Iran could wield.
Well, actually, I can believe it wasn't thought out...just look at the mess, with more to come.
RS
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There is also the possibility that Iran starts to lay mines. The dumb ones don't care if the tankers are Chinese or not. The smarter ones can actually do some discrimination, but Iran likely has fewer of those, and we have probably destroyed a chunk of their inventory of all types (though I doubt we got anything like all of them.) They have threatened to use their mines. If they do, no currency will matter.
The flip side is that we might well find out how global China's navy truly is/can be. If their tankers and oil are stopped, their MCM forces might well show up to do what everyone else is avoiding.
We live in interesting times.
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...the yuan could partially supplant the dollar wrt oil; reportedly between 11 and 17 million barrels have transited Hormuz for China since February 28th, paid for strictly in yuan.
Should the yuan profit from this war--by way of China, India, Turkey and other states sidestepping the dollar in favor of the yuan--it will be the result of an unforced error which will cost the United States dearly, and rather quickly I might add.
And this wholly aside from the fact that Taiwan--whatever your geopolitical outlook--is, strategically speaking, being hung out to dry by this latest escapade, this time in the Middle East.
RS
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If China doesn’t take full advantage of this mess, they aren’t half as smart as I think they are. 1) Get Iran to stop shooting. 2) Get the GCC to expel all western forces and take over those bases. 3) Install air defenses to keep Israel out of Iran. 4) Buy all the oil they need. Zheng He 2.0. And the US will have just handed it to them!
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Normal minehunters cannot operate now in the Strait of Hormuz - the US Navy is still not able to escort ships through the strait. Likely, no USN ships operate so close to Iran.
The decision to ship the minehunters back was made by the same administration, which now asks other countries for help to clean up the mess, which it caused there.
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