Oil could soar to 100, 200 dollars, sending countless businesses into bankrupcty, causing inflation, and forcing higher interest rates.
Even if Trump announced an immediate end to the strikes, it will likely take weeks for oil prices to come down becaue Trump has a such a long record of doing crazy, lawless and counter productive things.
For Americans, soaring oil prices, caused by an unnecessary and doomed war, will be another reason to vote Trump out of office at the mid terms.
If and when a USS aircraft carrier or ship is sunk, the US stock market could crash.
Iran s reports it hit the USS Abraham Lincoln with ballistic missiles are quite credible.
A hit with a hypersonic missile would sink it.
European gas prices soared by 25% posing a dire threat to what is left of Europe s industrial base as already sky high energy prices become even more unaffordable
From media
Brent crude oil, the international benchmark, spiked by over 13pc to more than $82 a barrel when markets opened on Sunday night, while European gas prices spiked by 25pc.
It was the steepest jump for both since Russia’s invasion of Ukraine in 2022 as the conflict disrupts one of the world’s most critical oil and gas-producing regions.
Traffic has been effectively halted through the Strait of Hormuz – through which roughly 20pc of global seaborne oil passes – with several vessels reportedly attacked, intensifying concerns over global supply.
https://www.telegraph.co.uk/business/2026/03/02/oil-prices-brent-iran-us-strait-of-hormuz-ftse-100-markets/
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