Robert Reich - Donald Trump has cornered himself -- and he knows it

[Yo_Mama_Been_Loggin]

Yesterday I posed the question to many of you: What does Trump do now that he’s cornered in the Strait of Hormuz?

I noted that Iran’s new supreme leader, in his first official message since he took over from his slain father, said Iran will continue to block the Strait of Hormuz by bombarding tankers trying to get through. Iran may also be laying mines in the Strait.

The closure of the Strait has caused “the largest supply disruption in the history of the global oil market,” according to the International Energy Agency. Oil has reached $100 a barrel, gas at the pump has risen almost 20 percent since the war began, and the stock market continues to slide. Higher oil prices are also raising the costs of food, medicine, electricity, and airline tickets.

Trump knows all this could deliver Congress to the Democrats in the midterms. So — with the Strait of Hormuz blocked and Iran’s new regime sounding more belligerent than ever — what does he do now?

https://www.msn.com/en-us/money/markets/donald-trump-has-cornered-himself-and-he-knows-it-opinion/ar-AA1YEDVx

[bucolic_frolic]

1. Escorting oil tankers is what he says he will do, according to the article

Sitting ducks.

I actually think the current stalemate could go on for awhile, maybe a month or two, IF oil prices settle from the initial shock to around $90 a barrel, 10% below where they are now. We've had gas at about $4 before. Unpleasant, but not $6-7.

We are totally alone. The world will ignore Trump if they can, but he will make a lot of noise, posturing, hedging, and his public relations clan will back it up.