🇺🇸 The US reportedly got its G7 allies to release diesel reserves, and the worst of the fuel crunch hasn’t reached America yet.
Diesel moves everything from crops to trucks, which is why tapping emergency stocks says more about how dangerous this is than any official statement.
Asian markets are taking the heavier hit right now, and Trita Parsi of the Quincy Institute warns that a long war of attrition changes that:
“Once it comes to the second and the third degrees of the ripple effects, then it will also be felt much, much more harshly on the American side.”
Emergency reserves buy time, and a war with no end date eventually eats through all of it.
@tparsi
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Mario Nawfal (@MarioNawfal)🇺🇸 🇮🇷 Iran may save its big escalation for the final week before the midterms, right around the Fed’s October 28 meeting.
Trita Parsi, executive vice president of the Quincy Institute, says Trump gains nothing from a deal before November, since the political cost lands instantly and any economic relief arrives too late to matter.
Tehran reads that as a president stalling until he can restart the war, so the math pushes its own move later:
“If you’re sitting on the Iranian side, it does not make sense for you to escalate right now.”
Iranian contacts tell him that if it comes, they’ll go for a major shock to the oil markets, and an oil spike in the last week of a campaign is the kind of damage nobody can clean up before Election Day.
@tparsi
Video
— https://x.com/MarioNawfal/status/2106229114742899158
