• Malkhodr @lemmygrad.ml
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    11 days ago

    Iran has stated the situation will continue but they will have a 5 tiers based on how “friendly” a country is, which will determine the price per barrel of oil.

    A table for reference:

    Tier Classification Base Rate (per barrel) Key Countries
    Tier 1 Strategic Allies $0.50 – $0.70 China, Russia
    Tier 2 Friendly Partners $0.80 – $0.90 India, Pakistan
    Tier 3 Neutral Nations ~$1.00 African, SE Asian, Latin Am.
    Tier 4 Restricted / Ad-hoc Negotiated Variable
    Tier 5 Hostile / Blockaded Denied Passage USA, Israel