DNYUZ
No Result
View All Result
DNYUZ
No Result
View All Result
DNYUZ
Home News

‘Price of everything is going to skyrocket’: Trump move sparks fears of economic crisis

February 28, 2026
in News
‘Price of everything is going to skyrocket’: Trump move sparks fears of economic crisis

The Trump administration’s attack on Iran Saturday morning has prompted Tehran to suspend all travel through the Strait of Hormuz, a strategically vital shipping channel through which around a fifth of the world’s oil trade passes through regularly, sparking fears of an impending economic crisis in the United States and the world at large.

“The [Strait] of Hormuz is closed. Oil tankers are clogged up,” wrote Maram Susli, a Syrian-born political commentator and analyst, to their nearly 540,000 followers on X. “The price of everything is going to skyrocket. You can thank [President Donald] Trump and Israel.”

A top shipping executive told Reuters Saturday that their ships “will stay put for several days” at least, speaking with the outlet under the condition of anonymity. The executive’s ships presumably received a radio transmission from Iran’s Revolutionary Guards that Reuters reported was sent out Saturday, warning sea vessels that “no ship is allowed to pass the Strait of Hormuz.”

Trump cited Tehran’s refusal to renounce pursuing nuclear weapons as reason for having authorized the unprecedented attack, though critics have pointed to a social media post the president shared just hours after the strikes – a post promoting the unverified theory that Iran sought to help former President Joe Biden in the 2020 election – as the operation’s true potential “justification.”

A bipartisan coalition of lawmakers is currently working to halt the Trump administration’s military operation in Iran by advancing a War Powers Resolution, a legislative tool to check the president’s authority to declare war and require congressional authorization before U.S. forces can engage in sustained military action.

The straight of Hormuz is closed. Oil tankers are clogged up. The price of everything is going to skyrocket. You can thank trump and Israel. pic.twitter.com/uMiX8r08vf — Syrian Girl (@Partisangirl) February 28, 2026

The post ‘Price of everything is going to skyrocket’: Trump move sparks fears of economic crisis appeared first on Raw Story.

Trump says Iranian Supreme Leader Ayatollah Khamenei was killed during strikes on Iran
News

Trump says Iranian Supreme Leader Ayatollah Khamenei was killed during strikes on Iran

by Business Insider
February 28, 2026

Iran's supreme leader, Ayatollah Ali Khamenei, led the country for nearly four decades until his death in late February. AHMAD ...

Read more
News

NYC influencer went viral for buying a wedding dress without having a boyfriend

February 28, 2026
News

Trump announces Iran strikes will continue ‘uninterrupted’ until ‘peace’ is achieved

February 28, 2026
News

UCLA men falter in second half to sub-.500 Minnesota

February 28, 2026
News

The FDA shifts the goalposts on rare disease drugs

February 28, 2026
He saw an abandoned trailer. Then, he uncovered a surveillance network on California’s border

He saw an abandoned trailer. Then, he uncovered a surveillance network on California’s border

February 28, 2026
Democrats demand immediate vote to restrain Trump on Iran

Democrats demand immediate vote to restrain Trump on Iran

February 28, 2026
Leaked Memo Blows Lid Off Secret Complaint That Gabbard Kept Hidden in a Locked Safe

White House Exposes Tulsi’s Role in War She Claimed to Hate

February 28, 2026

DNYUZ © 2026

No Result
View All Result

DNYUZ © 2026