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If Iran War lasts into 2027, Europe could suffer Cold, Hungry Winter
['Juan Cole']
Informed Comment
Ann Arbor (Informed Comment) – The ongoing conflict between the Trump administration and Iran, which Israel and the US jointly attacked out of the blue on February 28, raises the specter that the Hormuz crisis will continue into 2027.
Fossil gas is used for heating buildings, so it could be a cold winter in Europe, recalling the crisis of 2022 when the Russian war on Ukraine had first begun.
Diesel is used to power trucks, which in turn deliver food to the supermarket and all sorts of other goods from wholesalers to retailers.
The fertilizer crisis because of the blockade of Hormuz will also send food prices shooting up this winter.
Kenya may lose $800 million because of higher petroleum prices by the end of the year if the crisis continues.