WORST-CASE SCENARIO: This conflict will cost Trump everything

March 8, 2026

TL;DR

Global consumers and companies may face prolonged higher fuel prices due to the conflict with Iran.
The conflict threatens the global economy and poses a political risk to President Trump.
Approximately one-fifth of global crude oil and natural gas supplies have been halted.
Tehran's attacks on ships and energy infrastructure have caused global oil prices to increase by 24%.
Major oil producers like Saudi Arabia, UAE, Iraq, and Kuwait have had to suspend significant oil deliveries.
Oil and gas storage in the Persian Gulf is filling up, leading to reduced production.
The situation may force further suspensions of operations if shipping cannot resume.

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