So much for the declining inflation narrative relentlessly pumped by Trump and his acolytes. The unintended consequences of Trump’s “brilliant and bold” attack, on a country we are not at war with, will reveal themselves in the near future. Our next $500 billion quagmire has begun. It will likely be our last.
BREAKING: IRAN MOVES TO CLOSE STRAIT OF HORMUZ?!
Iran’s parliament has approved a measure to close the Strait of Hormuz to Israeli-linked ships, according to state-affiliated Press TV reports.
The plan reportedly now heads to Iran’s top security body for final approval.… https://t.co/GXTzoCNetI pic.twitter.com/AbgxhlZtyH
— Mario Nawfal (@MarioNawfal) June 22, 2025
BREAKING: Iran’s parliament has voted to close the Strait of Hormuz, where 20% of global oil passes. If enforced, oil prices could jump 30–50%, U.S. gas may reach $5–$7/gallon, inflation will likely rise, and military tensions could explode. Shipping delays will hit oil, LNG, and… pic.twitter.com/XSyTuZjnXO
—
Lionel
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