The economic damage from the Iran conflict has already been done, and it's about to get a LOT worse.
Oil inventories are crashing, gasoline & diesel are at 10-year lows, and LNG shipments are down sharply.
Even if the Strait opens tomorrow, the lag effects mean pain is coming:… pic.twitter.com/14AAk8m6No
— Chris Martenson (@chrismartenson) May 10, 2026
