The US economy cannot escape the Iran war, no matter what Trump says
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On one level, the economics of a global energy supply shock are very simple. If the volume of oil available on the world market falls by somewhere between 10-20%, then the price of the remaining barrels will rise. This tends to push prices up, reduce overall economic output and redistribute income from energy consumers to energy producers.
The end result is lower economic growth and higher inflation globally. Though Trump has recently described the US as “roaring”, America is not insulated fro
The end result is lower economic growth and higher inflation globally. Though Trump has recently described the US as “roaring”, America is not insulated fro
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