And its not going to get any better in the near future. If there can be a peace agreement between the US and Iran and the agreement will open the strait of hormuz and if the flow of jet fuel and gas will flow, maybe. But it comes down to if an agreement can be reached. Otherwise critical shortages are coming soon and more rising prices. Not a very well thought out strategy as some leaders have said.
Exactly. And to fill that backlog, it will take more than a few months to fill the gap.
Since there's no oil coming out of the Persian Gulf now, there's nothing to prevent things falling off a cliff.
Nobel laureate Joseph Stiglitz called Trump’s Iran war a “calamitous” mistake with consequences that will last for years.
The Strait of Hormuz disruption has become one of the largest shocks to global energy flows in modern history.
The IMF warns the war could slow growth, worsen inflation, and raise the risk of a global recession.
Early cost estimates already run into tens of billions, while long-term economic damage could exceed a trillion dollars.
Farmers, consumers, and industries are being hit through higher fuel, fertilizer, shipping, and supply chain costs.
The war has weakened American credibility while Europe and other middle powers build alternatives to US leadership.
Stiglitz’s deeper warning is that America is dismantling the global order it once helped build.
The creation of the perfect storm with this, your post on f/x and increased costs, falling consumer sentiment, affordability issues, liss of Healthcare, tariffs robbing Americans... the anti midas touch by this administration.
Trump announced new 25% tariffs on European-made cars, despite previously agreeing to a lower baseline with the EU.
European officials say the trade deal is not even fully ratified, making Trump’s accusation of EU “non-compliance” legally incoherent.
The move threatens billions in costs for automakers already under pressure from steel, aluminum, and energy shocks.
The timing suggests retaliation after Germany criticized Trump’s Iran war and refused to follow Washington’s strategy. Businesses now face deeper uncertainty because any US trade commitment can be rewritten by presidential impulse. European leaders are increasingly treating Washington as an unreliable trading partner, not a stable anchor. The deeper pattern is clear: Europe is building alternatives because American agreements no longer guarantee predictability.
