"Susie Wiles, Trump’s chief of staff, keeps scheduling events in which he can talk about his plans to lower the cost of living. But the Iran war keeps making a nonsense of her efforts."

~ Edward Luce

#Trump #Iran #war #oil #gas #StraitofHormuz #prices #affordability #economy
/2

https://giftarticle.ft.com/giftarticle/actions/redeem/c4f2da57-8e04-45eb-bb4e-4878a98b6f96

"In short, the net result of Trump’s illegal war is that Iran is more radical, more powerful, and more dangerous than before the war. It is true that the US destroyed much (all?) of Iran’s ballistic missiles and most (all?) of Iran’s navy, but neither of those military achievements has prevented Iran from exercising control over the Strait of Hormuz."

~ Robert B. Hubbell

#Trump #Iran #war #oil #gas #StraitofHormuz
/3

https://roberthubbell.substack.com/p/trumps-illegal-executive-order-restricting

"About 20% of the global oil supply and LNG is now under the control of Iran, a situation that did not exist before the war."

#Trump #Iran #war #oil #gas #StraitofHormuz
/4

"The rise in gasoline prices, for which the national average just hit $4 a gallon, has made headlines. But other prices are also hugely important.

Most non-electric cars run on gasoline, but most trucks are fueled with diesel. And diesel prices are up even more than gasoline prices — approximately $1.70 per gallon as opposed to $1."

~ Paul Krugman

#Trump #Iran #war #oil #gas #StraitofHormuz #diesel #fertilizer #plastic
/5

https://paulkrugman.substack.com/p/4-gasoline-is-less-than-half-the

"The feedstocks for fertilizer are largely manufactured from natural gas, & Persian Gulf nations were major producers, shipping their production out through the Strait of Hormuz, before the war. Here’s what has happened to the price of urea: ...

And where do you think plastic comes from? Here’s the price of polyethylene: ...

Less than half of U.S. consumption of petroleum products was gasoline."

See Krugman's charts.

#Trump #Iran #war #oil #gas #StraitofHormuz #diesel #fertilizer #plastic
/6

"During the 2024 presidential election, Donald Trump promised that if he were elected president again, he would reduce the price of a gallon of gas by 50% within a year of taking office. '12 months from January 20th… your gasoline for your car is going to be 50% cheaper,' Trump declared at a speech to the Detroit Economic Club on October 10, 2024. 'That’s a big thing.'

~ Judd Legum and Rebecca Crosby

#Trump #Iran #war #oil #gas #StraitofHormuz #affordability
/7

https://popular.info/p/the-tale-of-the-tape-trump-repeatedly

"The only regime change I can see on the horizon is right here at home in November when the Republican regime loses control of Congress."

~ Lucian K. Truscott

#Trump #Iran #war #oil #gas #StraitofHormuz #affordability
/8

https://luciantruscott.substack.com/p/a-vacillating-befuddled-confused

"A new CNN poll shows Donald Trump’s approval rating on the economy has fallen to a career low of 31%, with most Americans saying his policies have worsened economic conditions. Rising gas prices—linked to the Iran conflict—are a major factor, with many households reporting financial strain and cutting back on spending."

#Trump #Iran #war #oil #gas #StraitofHormuz #prices #affordability #economy #ApprovalRating
/9

https://aaronparnas.substack.com/p/news-trump-moves-closer-to-leaving