Before the military strikes against #Iran began, #Trump and several of his advisers believed the conflict would not cause significant disruptions to global oil markets. They expected any increase in oil prices to be short-lived and assumed Iran w...
...ould respond similarly to its limited response during the brief war the previous year. As a result, warnings that Iran might attempt to disrupt shipping through the Strait of Hormuz, a key route for approximately 20% of global oil supplies, were largely ignored. https://www.nytimes.com/2026/03/10/us/politics/how-trump-miscalculated-iran-response.html
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...ould respond similarly to its limited response during the brief war the previous year. As a result, warnings that Iran might attempt to disrupt shipping through the Strait of Hormuz, a key route for approximately 20% of global oil supplies, were largely ignored. https://www.nytimes.com/2026/03/10/us/politics/how-trump-miscalculated-iran-response.html