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Trump issued a 48-hour ultimatum, which is clearly meant for midterm election voters to hear. $100 oil = political suicide.
Meanwhile, Iran is getting tougher through conflict. They've clearly seen that the U.S. government has zero credibility. Peace agreements and ceasefire deals are worthless—they attack again within a year.
So Iran is this time determined. No point in talking shit. The U.S. must pay a price—first, end the petrodollar!
Iran is attempting to drive up energy prices to precisely strike the $60 trillion U.S. stock market, which has heavily shorted crude oil, thereby crippling America's wealth and credit pools.
Currently, stocks comprise nearly 40% of American household net assets, far higher than the 10% during the 1990 energy shock period;
If the stock market continues to underperform, it could reduce consumer spending by 1.5-1.8 percentage points below current forecasts, equivalent to a real GDP decline of over 1%.
So, would Trump really risk a stock market crash to bomb power plants? 😅
Back off, Trump. There's no shame in it! If you keep going, Putin next door will recover soon enough.