Apparently the Trump administration was not kidding when it warned that no Iranian ships would be allowed through the blockade. Just a little while ago, Donald Trump announced that the U.S. Navy has blown an enormous hole in the side of an Iranian cargo vessel that willingly chose to ignore a warning to turn around. ... Read more The post The U.S. Navy Just Blew A Giant Hole In An Iranian Cargo Ship As The Crisis In The Strait Of Hormuz Escalates To An Entirely New Level appeared first on The Economic Collapse.

Most people out there still seem to believe that the war in the Middle East will rapidly come to a conclusion and economic conditions will return to normal soon. Meanwhile, the price of physical oil is going absolutely nuts, the price of fertilizer is going absolutely nuts, and we are being warned that a “summer ... Read more The post Prices For Physical Oil And Fertilizer Go Absolutely Nuts As A “Summer Of Shortages” Looms On The Horizon appeared first on The Economic Collapse.

We might want to listen to what the farmers are telling us, because if they don’t grow our food we do not eat. Coming into this year, we were already facing the worst farming crisis in America in at least 50 years. Farmers all over the nation are drowning in debt, and farm bankruptcies have ... Read more The post 70 Percent Of U.S. Farmers Say That They Will Not Be Able To Purchase All The Fertilizer That They Need In 2026 appeared first on The Economic Collapse.

The real pain from the closure of the Strait of Hormuz hasn’t even hit us yet. All over the world, countries are running down their strategic energy reserves, and the last tankers that left the Persian Gulf before the war started will be arriving at their destinations this month. After that, things are going to ... Read more The post One Of The Largest Food Producing Nations On The Entire Planet May Soon Be Forced To Ration Fuel appeared first on The Economic Collapse.

Nobody was ready for a scenario in which the Strait of Hormuz is blocked for an indefinite period of time. The Iranians think that they will eventually get what they want by holding commercial traffic through the Strait of Hormuz hostage and causing as much pain for the global economy as possible. The Trump administration ... Read more The post The Crisis In The Strait Of Hormuz Is The Greatest Threat To The Global Economy In My Entire Lifetime appeared first on The Economic Collapse.