A New Global Energy Shock

The United States and Israel have initiated a conflict with Iran, prompting Iran to respond by attacking Gulf energy infrastructure and blocking oil flow through the Strait of Hormuz, leading to a spike in global energy prices. US President Donald Trump is seeking a way to de-escalate the situation, as the war is opposed by many Americans, including his MAGA base. Meanwhile, Israel is committed to achieving "total victory," and Iran is mining the strait, increasing the likelihood of global economic disruption.