{"id":972,"date":"2026-06-03T19:10:46","date_gmt":"2026-06-03T19:10:46","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=972"},"modified":"2026-06-03T19:10:46","modified_gmt":"2026-06-03T19:10:46","slug":"trumps-worst-economic-bomb-is-about-to-drop-analysis","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=972","title":{"rendered":"Trump’s worst economic bomb is about to drop: analysis"},"content":{"rendered":"
\n

While warning signs have been flashing ever since President Donald Trump\u2019s war with Iran resulted in the closure of the Strait of Hormuz, fallout in the form of a major economic disaster is yet to manifest. \u201cThat won\u2019t last forever,\u201d writes the American Prospect<\/u> columnist Ryan Cooper, who warns that \u201csomething is going to snap.\u201d<\/p>\n

Read more Ex-DOJ official sounds alarm as Jan. 6 rioter hired for sensitive Defense post<\/a><\/p>\n

The danger wouldn\u2019t be so looming if the war appeared to be nearing its end, but as Cooper points out, there is little evidence to support such a hope, noting that Iran has \u201ccut off contact with American negotiators, and the two sides are once again shooting at each other. Trump, for his part, recently told a CNBC<\/u> reporter that I\u2019 really don\u2019t care. I couldn\u2019t care less\u2019 if negotiations are over. They \u2018started to get very boring,\u2019 he added.\u201d<\/p>\n

So apparently, according to Trump himself, he\u2019s feeling no pressure to make a deal, which is exactly what he said<\/u> in early May. Cooper warns that this places the U.S. in a dangerous position, because while there hasn\u2019t been a \u201ctruly major crisis\u201d yet, \u201cit\u2019s only a matter of time before one or more of the severely strained parts of the global economy breaks.\u201d<\/p>\n

Total catastrophe has so far been avoided based on four factors. First, despite Trump\u2019s best efforts to oppose a green-energy transition, companies and countries around the world have leaned into alternative energy as fossil fuel prices have shot up. At the same time, many nations, particularly in Asia, have begun rationing oil consumption, which while painful, has helped stave off collapse. But a third \u201cmore ominous\u201d factor, says Cooper, is that the world has been forced to draw heavily on existing stocks of oil and natural gas. <\/p>\n

According to Cooper, \u201cMany people saw the Iran war coming, and filled up every oil tanker and storage facility they possibly could. A great deal of that has since been used up. The vast storage complex at Cushing, Oklahoma (regarded as a storage benchmark), has declined from 33 million barrels to 24.5 million \u2014 and they can\u2019t be fully emptied. \u2018You can\u2019t draw them down to zero because there is gunk at the bottom of the tanks,\u2019 oil analyst Matt Smith told CNN<\/u>.\u201d At the same time, countries around the world are depleting their reserves. <\/p>\n

\u201cWe\u2019re approaching unheard of inventory levels,\u201d Exxon Senior Vice President Neil Chapman<\/u> said recently. \u201cOnce you get to that point, then you\u2019ll see price shoot up.\u201d <\/p>\n

A fourth factor, writes Cooper, is \u201cthe behavior of the media and financial markets. The D.C. political press can be relied on to uncritically repeat Trump\u2019s preposterous lies about an imminent deal, no matter how many times they have been proved false. Traders on oil and oil futures markets, being either deluded by the media or blinded by wishful thinking or simply incapable of believing that the president of the United States is as stupid and insane as he in fact is, have consistently expected the strait to open back up soon\u2026Oil prices again fell sharply after Trump\u2019s latest promise.\u201d Despite this market manipulation, Cooper warns, \u201cSooner or later, oil traders are either going to face reality, or bankrupt themselves.\u201d<\/p>\n

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As Cooper points out, \u201creserve releases and comically underpriced oil futures are effectively subsidizing oil consumption.\u201d While a few countries, primarily in Asia, have taken measures to reduce oil usage, many world leaders \u201chave encouraged their nations to continue using energy at normal levels, and therefore to chew through global inventories more quickly. That means if and when the supply shock hits, it will hit even harder.\u201d<\/p>\n

On that note, Cooper dives into the looming crises that are poised to destroy several key sectors of the economy. <\/p>\n

\u201cThe most obvious one is in oil itself<\/u>,\u201d Cooper explains. \u201cAs storages dwindle and run out, the only way to match demand to supply will be for the price to rise high enough to destroy something like 10 to 20 percent of global oil consumption. And because a great deal of oil demand is obligatory and therefore not very price-sensitive, that price will likely be north of $150 per barrel. That means gas and diesel at the pump in the $8-to-$10 range, and a corresponding price hike for anything that needs to be transported, or involved in plastic in some way, which is to say basically everything.\u201d Other sectors like agriculture, aluminum, and industrial commodities are in similarly precarious situations due to plunging stock and skyrocketing prices, the fallout from which will be wide-ranging and devastating.<\/p>\n

And worse still, notes Cooper, \u201ceven if the Strait of Hormuz opens tomorrow, these problems are going to take years to resolve.\u201d Oil fields will take months to resume production, vital infrastructure will take years to rebuild, and the need to restock reserves will drive years of structurally higher demand. <\/p>\n

What\u2019s more, the situation is still in flux, and it could continue to deteriorate in ways no one has forecasted. All of this, says Cooper, suggests that an economic bomb is about to go off, the likes of which the world has never seen. <\/p>\n

\u201cYou know what they say,\u201d he concludes. \u201cIt\u2019s always darkest right before it gets pitch-black.\u201d<\/p>\n

Read more Rubio just revived Trump\u2019s Greenland push during a live congressional hearing<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

While warning signs have been flashing ever since President Donald Trump\u2019s war with Iran resulted in the closure of the Strait of Hormuz, fallout in the form of a major economic disaster is yet to manifest. \u201cThat won\u2019t last forever,\u201d writes the American Prospect columnist Ryan Cooper, who warns that…<\/p>\n","protected":false},"author":1,"featured_media":557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump's worst economic bomb is about to drop: analysis - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=972\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump's worst economic bomb is about to drop: analysis - 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