"I can guarantee the situation would be dramatically worse without this military operation to defang the Iranian regime. At least this increase in gasoline prices is for something that's going to change the geopolitical situation in the world forever."
"It will take quite a while to restart production. They may come down, but they're going to be coming down from a higher plateau. And that means still very high prices rippling through the global economy but through the U.S. economy as well."
"There are no guarantees in wars at all. I would pay no attention to what Iran says. But there will be some elevated pricing until the war ends."
Military operations targeting Iran have triggered significant economic consequences, particularly rising energy prices. National average gas prices reached $3.699, up from $2.927 a month prior, with oil hitting triple digits for the first time since 2022. Officials acknowledge short-term disruption and elevated pricing until conflict resolution, though they argue the geopolitical realignment justifies these costs. Economists warn that production restarts will take considerable time, and a risk premium will persist even after the Strait of Hormuz reopens, keeping prices elevated across global and U.S. economies. International naval presence at the Strait is being coordinated to manage ongoing tensions.
#energy-prices-and-inflation #iran-military-conflict #strait-of-hormuz #geopolitical-strategy #global-economy-impact
Read at Axios
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