Everyday is Christmas: "A three-month interruption of normal maritime commerce would drive oil prices to $170 per barrel, said Bloomberg Economics. If the war lasts for six months, the global economy — starved of 13 million barrels of oil each day — would sink into a recession, Oxford Economics said on Thursday."
#collapse #recession #depression #economics #Trumpism #USA #Israel #Iran #politics
https://www.washingtonpost.com/business/2026/04/04/iran-war-global-economy/
The war’s economic impact could get worse for Americans

Iran’s closure of the Strait of Hormuz is disrupting economic activity across Asia and Europe. The U.S. may escape the worst effects, but it will not emerge unscathed.

The Washington Post