Economic Shock: Oil, Prices, and Reserves

Two weeks ago, the United States and Israel launched a massive bombing campaign against Iran, killing the Supreme Leader and many other political and military senior officials on the very first night and striking thousands of targets across the country. The administration said the war would be over in weeks. Trump said it was won in the first hour. Driven by extreme hubris, Donald Trump and his entire team have made an extreme miscalculation.

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