"If you see that type of destruction continue, you could literally render the Gulf almost uninhabitable. I mean you're not going to have enough water for 100 million people, and human beings just cannot survive very long without water. So that would be a truly catastrophic scenario, and we're talking about destroying the Gulf states economically and then also from a humanitarian perspective."
Wall Street is preparing for a deadline set by President Trump for Iran to reopen the Strait of Hormuz. Futures for major indices fell slightly, while U.S. oil prices decreased. The national average gasoline price rose significantly. Trump warned Iran of potential destruction to its power plants if it does not comply, prompting Iran to threaten retaliation against vital infrastructure. Concerns about humanitarian impacts and economic devastation in the Gulf region have been raised, as military tensions escalate with additional U.S. forces being deployed.
Read at Fortune
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