a strike on Iran, oil and commodity prices

Please note: I wrote this before the fast-moving current events of Friday, April 19, 2024.

According to the (paywalled) Financial Times, an Israeli and/or US military strike on Iran could involve half a dozen important oil producing countries as well as snarling shipping traffic. This would seem like particularly bad news for Biden as Americans fuel up their planet-burning behemoths for the “summer driving season” followed by the fall voting season.

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