Focus on the big picture......Not individual stories.
Is the Strait closed to Arab oil traffic (aka their financial survival)? How much longer will it stay closed?
Everyday that its closed is like a placing a 1LB weight on the chest of the global economy, Day 1, no big deal, Day 7 still breathing slight, Day 15 start to notice but can still breathe, Day 30 to 45 its starting to make a significant impact to the flow of oxygen......etc.
Where are we today day 19 or so?
Quote:
Goldman Sachs has warned that Gulf Arab economies face their sharpest downturn in a generation as the Iran war grinds through its third week, with the investment bank projecting GDP contractions of up to 14 percent for Qatar and Kuwait if the conflict extends through April 2026. The assessment, issued alongside separate warnings from Capital Economics and S&P Global Ratings, marks the first time major financial institutions have formally downgraded the Gulf outlook from slowdown to outright recession since the war between the United States, Israel, and Iran began on February 28.
https://houseofsaud.com/goldman-sachs-gulf-recession-iran-war-gdp-2026/
If this holds true, do you think the Arab leaders are going to reinvest in the US dollar and the military hardware that failed them?