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The best part is that even if everything in the Strait were to return to normal tomorrow, the oil price shock is just barely beginning to filter through the system, so there's absolutely nothing Trump can do to stop what he caused.
"there's absolutely nothing Trump can do to stop what he caused."
Assuming he won't just abandon it and make it someone else's problem, like he does with literally everything else he touches.
Oh yeah. Global logistics with slow-boat tankers are scheduled multiple months in advance to keep the machine flowing. With every single route now completely thrown awry, there's no going back for at least a year.
At which point gas stations will just keep prices the same as people have gotten used to it and blamed Trump for it.
And then there is the whole inflation feeding through into Fertilizers (mainly from higher Natural Gas prices rather than Oil prices), in turn feeding through into Food prices, all of which carries even long delays to fully emerge in consumer prices because of the time food takes to grow (more so if you think cattle since fertilizer prices indirectly push costs up through the increase in feed prices, so there's even more delay there than for something like corn).
Just the first month of war has baked in many months of rising Inflation.