This disruption has led to fuel rationing in South Korea, Thailand, and Vietnam, a state of energy emergency in the Philippines, and Lufthansa canceling 20,000 summer flights. Fertilizer prices have surged 60% in Mississippi.
Despite these impacts, global markets remain resilient, echoing early Covid-19 complacency. Economists warn of a potential US recession and reduced global growth if the crisis persists, with infrastructure damage expected to last months or years.
Is a global recession now unavoidable if the Strait of Hormuz remains closed?
How long can Wall Street thrive while the real economy faces fuel rationing?
Why is the stock market hitting new highs during the worst oil crisis in history?
Are investors repeating the same blind-spot mistakes that led to the 2020 market crash?
Can AI protect investors from economic blindness, or will it just create smarter bubbles?