At the moment there is a bit of a lull in the Israel-Palestine War, as a prisoner/hostage exchange begins. But after that time out, no doubt it will be back to kinetics. This conflict is unlikely to just fizzle out, and escalation seems inevitable. If that is true, what follows for the West?
I came across one substack, and based upon a X post, that detailed the worst-case scenario if both the US and Iran become directly involved. Iran would certainly close the straits of Hormuz, disrupting oil passage. The OPEC countries may put on an oil embargo. Consequently, the price of oil, and hence petrol skyrockets, which in turn turbo changes inflation, as everything goes up in price.
                    