Do we really have such a short memory?
About six years ago, there was an outbreak of a virus called COVID-19. To this day, its exact origins remain debated and unresolved. When it first began spreading, governments instituted lockdowns to “flatten the curve.” What was initially presented as a short-term measure lasted for months, and in many places nearly a year.
Now we see something similar in another context. In late February 2026, the United States joined Israel in launching military strikes against Iran. What many people assumed would be a short operation has already stretched beyond a week and continues to escalate. Conflicts like this rarely end quickly; once they begin, they tend to drag on far longer than originally promised.
For years, many hard-line voices in politics and media argued for confrontation with Iran. Now that the conflict has officially begun, the consequences are already being felt.
Energy markets reacted almost immediately. Oil prices have surged dramatically-jumping roughly 30% in a single week as fears grow about disruptions to Middle Eastern supply and shipping routes. Because oil is a global commodity, these shocks ripple across the entire world economy. The futures markets, both the West Texas and Brent oils are trading above $115/barrel. That is huge 😳.
People are going to become very angry at both the U.S governments and at Israel for involving U.S in this conflict. If you think criticism is strong now, you may not have seen anything yet.
Some people say this won’t affect them because they don’t drive. But you don’t have to drive to feel the impact. The effects go far beyond cars.
Think about the diesel trucks that deliver food to grocery stores. When fuel prices rise, transportation costs rise. When transportation costs rise, the price of nearly everything else follows.
No comments:
Post a Comment