"With U.S. crude nearly doubling in price since the beginning of the year, and with the Strait of Hormuz still more-or-less blocked, the cost of almost everything from cars to flights to even those reliant on plastics or semiconductors is rising significantly."
"Trump has repeatedly told reporters that he has a 2-3 week plan to end operations, consistent with his remarks that the U.S. will be 'out of Iran pretty quickly' and could return for 'spot hits' if needed."
"Gregory Brew noted that the administration appears to be coalescing around a specific justification: that Iran was building a 'shield' of missiles and drones behind which it could operate."
U.S. crude oil prices have surged, affecting costs for goods and services. President Trump is set to address the nation regarding the situation in Iran, following military actions. Gas prices have exceeded $4 per gallon, and Trump's approval ratings have dropped below 40%. He has indicated a plan to conclude operations in Iran within weeks, framing the situation as a success despite ongoing challenges. Analysts suggest the administration is focusing on Iran's military capabilities as justification for U.S. actions.
Read at Fortune
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