'Worse than Vietnam, Iraq, and Afghanistan combined': Donald Trump faces a political crisis like no other if Hormuz isn' [View all]

isn’t opened by Labor Day

A former Trump Administration economics adviser made a bold prediction when I spoke to him last week: "If the Strait of Hormuz isn't opened by Labor Day, Trump will have a political problem worse than Vietnam, Iraq, and Afghanistan combined."

Well, that wasn't the response I was planning on, that's for sure. While clearly the former official was trying to make a dramatic point, the crisis is clear.

If Trump can't open the Strait soon, a massive oil shortage will hit the global economy, something we are not feeling right now thanks to a historic drawdown of the U.S. Strategic Petroleum Reserve.

However, with oil being consumed quickly, the clock is ticking before a historic energy shock hits the world. And everyone will blame one person: Donald J. Trump.

https://www.msn.com/en-us/money/markets/worse-than-vietnam-iraq-and-afghanistan-combined-donald-trump-faces-a-political-crisis-like-no-other-if-hormuz-isn-t-opened-by-labor-day/ar-AA247fNW

Article doesn't say who the advisor is. The acronym NACHO (not a chance Hormuz opens) comes to mind none the less.