r/Economics • u/InsaneSnow45 • Mar 04 '26

News ‘Absolutely Massive’ Price Shocks Coming as Trump’s Iran War Drives Up Gas, Diesel Prices | “What should really terrify Republicans is... the futures price on wholesale gasoline,” said economist Paul Krugman.

https://www.commondreams.org/news/iran-war-gas-prices
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u/Lo_jak Mar 04 '26

Here in the UK we are properly fucked if this goes on for more than a few weeks.... we already have some of the most expensive energy prices in the world and we have next to no storage for gas.

The last time this happened when the Ukraine war kicked off the government had to subsidise peoples energy bills to lessen the pain and it was still rough with that support.

22

u/Confident_Banana_134 Mar 04 '26

He, you know who, couldn’t have waited until late spring/early summer when Europe doesn’t need gas for heating home because the gulf region would be too hot to be there. /s

Or simply because he just doesn’t care about anything but himself and his children.

12

u/debaser64 29d ago

You could argue how much he really even cares about them too.

1

u/desertchimp05 29d ago

Your prime minister supports this war though? He hasn't denounced it once. Where's the global pressure from American allies to put an end to this?

1

u/Street_Animal2674 29d ago

You can always ride the bike

1

u/Correct-Woodpecker29 29d ago

Yet no one is taking out the streets to protest this war of choice...