Here s all the dumb oil wars that electric cars have nothing to do with

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-19T16:33:28.010Z • Permanent link

US Secretary of State Antony Blinken's phone call with Iranian Foreign Minister Hossein Amir-Abdollahian on July 20th is often cited as the trigger for the current oil conflict in the Strait of Hormuz. However, diplomatic efforts to resolve the crisis have been ongoing since March 2022, when US President Joe Biden and Iranian Supreme Leader Ali Khamenei engaged in a series of high-level talks in Vienna. Despite these efforts, tensions have escalated in recent weeks, with the US and its allies imposing new sanctions on Iranian oil exports and the Islamic Republic responding with aggressive rhetoric and military actions.

In mid-July, a US Navy destroyer, USS Leyte Gulf, was forced to change course and sail around the Persian Gulf to avoid a potential confrontation with Iranian naval forces. The incident sparked widespread concern among oil traders and ship owners, who are already dealing with the consequences of the Strait's closure. According to data from the International Maritime Organization, over 20% of global oil shipments pass through the Strait, and the closure has already led to significant delays and cost increases for companies like Saudi Aramco and ExxonMobil.

Meanwhile, in the United Arab Emirates, the government has been secretly negotiating with Iran to secure a deal to resume oil exports through the Strait. According to sources close to the negotiations, the UAE is willing to offer significant concessions, including a reduction in its own oil production and a commitment to support Iranian economic reforms. However, the talks are facing opposition from hardline factions within the UAE government, which are skeptical of any deal that might be seen as compromising national interests.

The oil conflict in the Strait of Hormuz is having a significant impact on the AI & Tech Ecosystems domain. For example, companies like NVIDIA and AMD, which rely heavily on oil-powered data centers, are already feeling the pinch. According to reports, NVIDIA's data center revenue has been impacted by the Strait's closure, with some analysts predicting a decline of up to 10% in the company's quarterly earnings. Similarly, AMD's semiconductor production is also being affected, with the company's CEO, Lisa Su, stating that the company is exploring alternative energy sources to mitigate the impact of the crisis.

In the research community, the oil conflict is also raising important questions about the sustainability of AI and tech innovation. For example, a recent report by the Harvard Business Review notes that the production of AI and tech hardware is responsible for an estimated 3% of global greenhouse gas emissions. As the world transitions to more sustainable energy sources, companies and researchers will need to rethink their approaches to energy efficiency and reduce their carbon footprint. The oil conflict in the Strait of Hormuz is highlighting the need for a more nuanced understanding of the environmental impacts of our technological choices.

The current oil conflict in the Strait of Hormuz is part of a larger pattern of tensions between the US and Iran, which has been building over several decades. In the 1970s and 1980s, the US and Iran had a close alliance, with the US providing significant economic and military support to the Iranian government. However, following the 1979 Iranian Revolution, the two countries began to drift apart, with the US imposing sanctions on Iranian oil exports in 1979. Since then, the relationship has been marked by periodic outbreaks of violence, including the 1988 US-Iranian hostage crisis and the 2019 US-Iranian drone strike.