There is no way to get around it. We are facing a major global economic disruption, and the longer this war goes on, the worse it will get. As I have reminded my readers on numerous occasions, our entire way of life is predicated on cheap energy, and the Middle East is the most important energy-producing region in the entire world. Traffic through the Strait of Hormuz has been paralyzed, and energy infrastructure has been under attack by both sides. In fact, this morning, Tehran was “covered in thick black clouds of smoke” after a refinery and multiple oil depots were destroyed…
Read Full Article: https://thewashingtonstandard.com/the-economic-impact-of-this-horrifying-war-with-iran-is-not-going-to-be-pretty/
