Trillions... - Joe Blogs

[TexasTowelie]

The Iran war has now passed the one-month mark — and the economic damage is rapidly escalating.

In this video, we take stock of the global impact so far, including the sharp rise in oil and gas prices, the expansion of the conflict across multiple countries, and the growing risks to global trade routes such as the Strait of Hormuz and Bab al-Mandab.

Financial markets are now reacting, with trillions of dollars wiped off global stock markets in just a few weeks. At the same time, the direct cost of the war is rising rapidly, with the United States and its allies already spending tens of billions of dollars.

We also look at the impact on supply chains, food production, and key industrial materials, as well as the broader implications for inflation, interest rates, and global economic growth.

After one month, this conflict is no longer a short-term event — it is becoming a major global economic crisis.