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Today’s video looks at the escalating economic damage now being caused by the ongoing war involving Iran and the growing disruption across global energy markets.
Despite all of the headlines suggesting that a ceasefire agreement was holding, fighting has now clearly recommenced, with reports of missile strikes, drone attacks and military action around the Strait of Hormuz. As tensions rise once again, oil prices have surged back above $100 per barrel, more than 50% higher than they were at the start of 2026.
And the impact is now spreading rapidly throughout the global economy.
US gasoline prices have climbed to their highest levels since 2022, consumers are being squeezed, savings are falling, and some of the world’s biggest companies are now warning that shoppers are running out of money.
In this video I discuss:
The latest military developments involving Iran and the USA
Why oil prices remain dangerously high
The growing risks around the Strait of Hormuz
US fuel prices hitting crisis levels
Warnings from McDonald’s, Kraft Heinz, Applebee’s, IHOP and Planet Fitness
Why consumers are starting to cut spending
The multiplier effect now spreading through the economy
Why stock markets may be ignoring the real risks
Why corporate earnings could weaken significantly during the rest of 2026
The longer this conflict continues, the greater the risk of serious global economic damage.
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