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applegrove

(132,295 posts)
Fri Apr 3, 2026, 05:51 PM Friday

'Full stop?' CNN host startled by expert's prediction about Iran war's impact on travel [View all]

'Full stop?' CNN host startled by expert's prediction about Iran war's impact on travel

By Travis Gettys
March 30, 2026 11:06AM ET

https://www.rawstory.com/iran-war-2676637440/


At least 1,000 ships are reportedly stranded in the Persian Gulf after Iran shut down the Strait of Hormuz in response to the joint U.S.-Israel military operation, and former Biden administration adviser Amos Hochstein told "CNN News Central" that the impact of that closure would send ripple effects throughout the global economy that will soon become apparent.

"It takes time for things to, for this kind of a shock to play out into the market because people have storage capacity so you don't really feel it," Hochstein said. "But now we're so far into it that you're starting to feel it. So as you said, consumers are feeling gasoline price pinch with $4 a gallon today on average, which means some are getting it a lot more than that. Diesel prices are going up dramatically in the United States and around the world, which means that our food and all the stuff that we that comes to us on a truck, whether it's from an Amazon delivery truck or through our shopping, is all going to go up in the next several days and weeks, and a lot and fertilizer and all kinds of other chemicals."

What happens when you have a disruption is that when it goes on for a while, when you turn it back on, it's not like flipping the switch and the light goes back on," Hochstein added. "You now have to start restarting all the production of the oil, the restarting of the production of the gas. Then you have to refine it, then you have to deliver it. So it will take a while for that to enter into the market. We have some airports around the world that may run out of jet fuel in the coming days, and planes will have to be grounded."

Bolduan interjected to make sure she had heard him correctly.

........

"Full stop," Hochstein repeated. "In about a week or so. There'll be airports around the world that will run out completely, and we're already seeing it because airports, some airports in the world are restricting how many flights can take off. So in some Asian countries, we're seeing them limiting the amount of flights already in order not to get to the point where they run out."


Applegrove: thanks to my cousin for the suggestion
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