Saturday, March 14, 2026

Oil Shock and the US Economy

Oil Shock Hits an Economy Already Showing Cracks
https://www.wsj.com/economy/oil-shock-hits-an-economy-already-showing-cracks-bf7e385d
Consumer spending was slow and inflation was stubborn even before the attack on Iran sent oil prices soaring.

Trump’s Inexcusable Unpreparedness for the Iranian Oil Crisis
https://www.newyorker.com/news/the-financial-page/trumps-inexcusable-unpreparedness-for-the-iranian-oil-crisis
In the President’s first term, Iran demonstrated what tactics it would use in a confrontation with the U.S. Yet the Administration seems to have no game plan.