Iran War’s Economic Shock Wave Is Expected to Get Bigger

“President Trump’s naval blockade of Iran risks further upending a global economy already battered by weeks of war, escalating a regional clash into a worldwide financial shock that could prove more devastating than the fighting itself,” the Wall Street Journal reports.

“The U.S. blockade on ships entering or exiting Iranian ports is set to drain more oil from a tight market, prolong the squeeze on other key commodities flowing through the Strait of Hormuz and inject significant uncertainty into the global economy.”