Trump War of Whimsy has created an extended oil crisis

Headline:  New York Times, 4/19/2026

Rebecca F. Elliott reports:

But even if the strait fully opens soon — on Saturday, Iran’s military said it would reimpose “strict” control over traffic — it will take weeks for substantial amounts of Persian Gulf oil and gas to reach buyers around the world. 

And it will be much longer before companies repair the damage that has been inflicted on one of the world’s most important energy-producing regions. 

It is likely to be a long time before a gallon of gasoline costs less than $3 a gallon, as it did before the United States and Israel attacked Iran on Feb. 28. Shortages of certain products like jet fuel and natural gas may also persist in some countries for weeks or longer.

Pollyanna stand-in and Treasury secretary sez gas will reach $3 a gallon by September 20.  Is 154 days considered a "long time"?

AI generated @ Manus

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