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Trump issued a 48-hour ultimatum, but it's clearly just political talk for the midterm elections. $100 oil = political suicide.
Iran, meanwhile, is getting tougher the more this drags on. They've already seen through the U.S. government's complete lack of credibility—ceasefire agreements and treaties are useless, only to be attacked again less than a year later.
So Iran is determined this time, no point in talking about it. They must make America pay the price—first, end the petrodollar!
Iran is trying to push up energy prices to precisely strike the massive $60 trillion U.S. stock market that has been heavily "shorting crude oil," thereby severely damaging America's wealth and credit pools.
Currently, stocks account for nearly 40% of American household net assets, far higher than the 10% during the 1990 energy crisis period;
If the stock market continues to slump, it could cause consumer spending to be 1.5-1.8 percentage points lower than current forecasts, equivalent to a real GDP decline of over 1%.
So, does Trump really dare risk a stock market crash to bomb power plants? 😅
Stand down, Trump. Backing off isn't shameful! If you keep going, Putin next door will recover.