Global oil shock: The rising economic toll of the US-Iran war
The US-Iran war is sending shockwaves through the global economy and American politics. Framed as a necessary military intervention, the crisis has instead become a heavy political burden for Donald Trump. With petrol prices soaring to $4.10 a gallon and consumer confidence plunging, the rising cost of living is now the primary concern for the American public.
At the heart of this turmoil is the Strait of Hormuz. Iran is using the vital waterway as a strategic pressure point, blocking commercial shipping and destabilising international energy markets. Instead of a swift victory, the US is caught in a complex geopolitical trap. As the conflict drags on, this crisis severely threatens the Republican Party ahead of the midterms.
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