The most important economic question about Iran is one Trump can't answer

[Yo_Mama_Been_Loggin]

The question on everyone’s mind this week seems to be some variation of “When will the Iran war be over?” Americans don’t see the point, and their anger is only growing as the death toll rises and the economic damage deepens.

It’s a fair question, especially as the White House and Pentagon have been wholly unable to articulate their endgame. But the question that matters more to everyday Americans is a narrower one, and one the White House has even less control over: When will the Strait of Hormuz reopen?

The waterway between Iran and Oman has been effectively closed for 19 days, choking off 20% of the world’s oil supply and helping push gas prices in America up 86 cents — a 29% jump, one of the sharpest spikes on record.

The only way to get oil prices in check is to get hundreds of idled tankers moving through the strait again. That’s something most American allies have so far refused to help with.

https://finance.yahoo.com/sectors/energy/articles/most-important-economic-iran-one-090033205.html

By his opposition to alternative energy Trump makes us more dependent on unstable areas like the Middle East.

[bucolic_frolic]

1. There is no solution. This is a problem without a quick fix.

Lower interest rates can't do it. Congress can't pass legislation to fix it. Deregulation won't solve anything. Destroy energy infrastructure, depress fertilizer production, animate enemies in the process .... you got some problems ahead. I think this is longer term than people think. 2040 would not surprise me. I say that because stock markets went in the tank when we invaded Vietnam. 1968-1982 were horrible years to be invested in stocks, and the devaluation of the dollar in 1972 was no help, nor was OPEC embargo. 2000 to 2009 were bad market years. Things go in the tank and stay there awhile. This is not unforced error. This is deliberate stupidity.