https://www.axios.com/2026/03/09/iran-war-oil-economy-blowback-prices-us
In the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to the global economy are growing much more serious.
You can't decapitate the leadership of a country of 90 million people, with expansive military and intelligence capabilities, in the heart of some of the world's most economically important supply chains, without a huge cost.
Solid GDP growth is no consolation for higher day-to-day prices for American consumers, which doomed Joe Biden's popularity. If the recent energy price surge is sustained, that will be Trump's burden as well.
Axios in 1941 - well okay, Japan hit us but it was only one attack and really mostly meant as a warning and the economic damage America will suffer if it responds has to be seriously considered and don't even think about also getting involved in Europe.
ReplyDeleteSo yes, it's better that the Ayatollahs have nukes than suffer a temporary economic slowdown. Makes perfect sense.
And when it's over and American companies go into Iran to rebuild, imagine the economic benefits then.