Donald Trump escalated the war against Iran without an exit strategy, causing global markets to plummet and oil prices to surge.The effective closure of the Strait of Hormuz, which handles twenty percent of world oil, has pushed Brent crude toward one hundred ten dollars.Wall Street indices including the Dow Jones and Nasdaq saw their worst quarterly performances since 2022 as investors feared a protracted crisis.Gasoline prices across the
USA reached record highs of four dollars per gallon while the
Federal Reserve keeps interest rates high to combat inflation.