Einar Tangen discusses the impact of Trump s attack on Iran on East Asia with Glenn Diesen, argues the effects will be felt for 10 to 15 years.
Japan will be among the hardest hit from being cut off from oil from the Persian Gulf.
It gets 95% of its oil from the region.
The Japanese are facing soaring inflation, food costs and a collapsing economy because Japan gets almost all the oil it needs to power its economy including its fishing fleets from the Persian Gulf.
It has very small stocks of oil.
South Korea, Indonesia and other East Asia are all set to be hit by higher energy prices.
India may be able to purchase more Russian oil but it will be much more expenseive due to higher energy prices, causing massive economic pain.
Einar Tangen discusses the irrationality of Trump s self demolition of the US and its allies by this disastrous war.
From media
Einar Tangen is a Senior Fellow at Teihe Institute and a Senior Fellow at CIGI. Tangen discusses why the war against Iran can trigger a global economic crisis and even nuclear war. The destructive path we are going down is predictable, and there are no clear off-ramps.
https://www.youtube.com/watch?v=WVIof0x5p0I&t=65s
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