Anonymous1 day ago
President Trump's primetime address on April 1, 2026, pledging two to three more weeks of strikes against Iran, sent Brent crude surging past $107 per barrel and wiped $3.2 trillion from S&P 500 market capitalization since the war began. With the Strait of Hormuz effectively closed, removing roughly 20% of global seaborne oil from circulation, the conflict has triggered the most severe energy supply disruption in decades — raising gasoline costs for American households by an estimated $700-$800 annually and pushing the global economy toward recession.