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Trump issues a bombing ultimatum to Iran - Following the rescue of a US Air Force officer, the president threatened to strike power plants and bridges if the Strait of Hormuz is not reopened by Tuesday.
“Starting Tuesday, the US will bomb power plants and bridges if Iran doesn't open the Strait of Hormuz.”
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Reopening the Strait of Hormuz faces major logistical delays - Even if the waterway is cleared, potential sea mines and a massive shipping backlog mean energy supply chains will remain disrupted for weeks.
“Reopening of the Straits will be slow because it may have been mined. Also, the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow.”
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War-driven energy costs are stalling interest rate cuts - Surging gas prices are expected to push inflation back above 3%, making the Federal Reserve hesitant to lower borrowing costs despite steady job growth.
“Gasoline prices have jumped sharply since the US and Israel launched their war against Iran. That's expected to push the annual inflation rate back above 3% when the price index for March is released on Friday.”