Jerry Doyle

For instance, things like fertilizer, which are heavily reliant on petroleum products and refining, those are starting to become more scarce.

So that means things like crop yields could start to become worse.

And that, of course, would mean food prices could start to go up.

Obviously, oil also, refined oil, petroleum products, diesel fuel, ship fuel, gasoline for your car, those things are also becoming more scarce.

The fuel I will need to buy this spring will be in the 30% higher than before the war started.

And as we use gasoline or diesel fuel to move around a lot of goods within the United States, within Europe, with other countries, other places with large land mass, you're going to start to see the price of those goods go up as well.

So losing that supply of oil, we're just starting to see the effects of that.

And I think a lot of economists expect that if it goes on for another month or another two months even, it could really become dramatic.

Well, it depends on how much damage has been done, right?

There's been a lot of missiles and bombs flying around the region that have hit gas production infrastructure, that have hit oil production and distribution infrastructure.

So those are not things you can instantly switch on and have working back at 100%.

Also, the Strait of Hormuz, even if there is no war, even if Iran has promised to not fire into the Strait, promised there aren't any mines there, even if there's been some sort of military solution where Iran's ability to launch missiles and mines has been completely and indisputably destroyed, it's still going to take some time to make sure that that entire waterway is free of mines.

Well, the threat there is, yeah, ships trying to pass north that need to get to the Suez Canal could come under a missile attack from the Houthis.

So what you would see if the Houthis entered the war and started attacking shipping on the other side is...

you know it would make it difficult for uh among other things that Saudi pipeline which feeds across Saudi Arabia and into an oil terminal on that side make it harder to forget oil to get out and also of course affect other types of shipping as well not just oil so you know there are additional uh shocks to Commerce and to the economy that could happen if the the hooties really get involved in earnest

Broadly, if you want to end the war, you have to either do it through military force, which is to completely ensure that Iran no longer has control of its military, no longer has the military mean to shut down the strait or attack oil infrastructure around the region.

Or you negotiate a settlement, like you get out of the war via diplomacy.

Those are really the only two options at this point.

Six U.S.

service members have been killed during Operation Epic Fury.