We may or may not see $200 oil, but what does seem quite likely is that high energy prices will remain for a long time. Iran is busy striking production facilities for Gulf oil and gas. Damage to these facilities takes time to repair, and while under repair, production is limited. Iran is trying to cause the greatest amount of pain possible with the weapons it has remaining. Trump's response is to threaten to hit Iran's production, which would simply exacerbate the problem. There is no easy answer once the war started. There WAS a path worth following before the war, such as negotiations to replace the nuke deal Trump quashed back in Trump 1.0. That was stupid, though typical Trump, and starting this war was stupid. Tariffs + high energy seems to = worldwide Recession, perhaps Depression. Many people are saying nobody could eff things up for more people on this planet than Trump. Trump has a special kind of gift for effing up, whether in his casinos or dividing the nation or in causing what will be at least as bad as 2008 and maybe as bad as 1932.
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