May 11, 2026
The economic consequences of the Iran conflict
Trevor Loudon Reports – Global oil reserves at approximately 100 days, with current disruptions projecting oil prices over $200 per barrel, diesel shortages, and impacts on U.S. farmers and transport. He indicated this would contribute to a global recession or depression. Nyquist added that the situation benefits Russia by raising energy prices while damaging the U.S. Navy's reputation for...