Robert Reich - Donald Trump has cornered himself -- and he knows it [View all]
Yesterday I posed the question to many of you: What does Trump do now that hes cornered in the Strait of Hormuz?
I noted that Irans new supreme leader, in his first official message since he took over from his slain father, said Iran will continue to block the Strait of Hormuz by bombarding tankers trying to get through. Iran may also be laying mines in the Strait.
The closure of the Strait has caused the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Oil has reached $100 a barrel, gas at the pump has risen almost 20 percent since the war began, and the stock market continues to slide. Higher oil prices are also raising the costs of food, medicine, electricity, and airline tickets.
Trump knows all this could deliver Congress to the Democrats in the midterms. So with the Strait of Hormuz blocked and Irans new regime sounding more belligerent than ever what does he do now?
https://www.msn.com/en-us/money/markets/donald-trump-has-cornered-himself-and-he-knows-it-opinion/ar-AA1YEDVx