At Natural News, Mike Adams discusses the economic impacts of the war with Iran and the closing of the vital Strait of Hormuz. He writes:
The war with Iran is not just a military misadventure but an economic catastrophe that will rival the financial fallout of 2008. The Strait of Hormuz closure has triggered shortages in oil, gas, helium, and fertilizer, leading to rising costs and supply chain chaos. We ignored the warnings, and now we are paying the price.
The mainstream media and the administration tried to spin this as a quick victory, but the reality is far darker. As I have been warning for months, the blockade of the Strait of Hormuz cuts off roughly 20% of global oil trade and a third of agricultural inputs, driving up gas prices and food costs. [1] The situation was entirely predictable: the U.S. massed naval firepower in February 2026, Iran responded by closing the strait, and the global economy immediately seized up. [2] Our economy floats on oil, as Sharon Astyk wrote in Depletion and Abundance: “Our food is grown with oil, packaged in oil, and transported to our grocery stores with oil.” [3] That oil lifeline has been cut, and the consequences are only beginning.
Read more here.
