Scholar: The economic shock of the American-Iraqi conflict spreads, and Trump faces internal and external stress

Simon Meben, a professor at Lancaster University, said that, as the economic consequences of the Iranian war spread across the globe, United States President Trump was facing growing domestic and international pressure. He pointed out that the mid-term elections in the United States, which were close to superseding inflation, had created political challenges within the United States, and that the global economy had also “appeared the pain of austerity” — involving not only oil and diesel, but also fertilizer and global shipping lines. Meben states that any cargo transported through the Strait of Hormuz will be affected and that the increased transportation costs and premiums will eventually be passed on to the end-user. Kim Xian