Massive Damage - Joe Blogs

[TexasTowelie]

Today’s video looks at the growing economic damage now being caused by the ongoing war involving Iran and the disruption spreading throughout global energy markets, shipping, aviation and manufacturing.

We are now starting to hear directly from some of the world’s biggest companies about the real-world impact of soaring oil prices and supply chain disruption. These are not forecasts from analysts — these are CEOs warning shareholders that costs are exploding and that consumers will ultimately end up paying the price.

In this video I go through:

The latest developments involving Iran, the USA and the ceasefire negotiations
Donald Trump’s reaction to Iran’s latest peace proposal
Why oil prices have surged back above $100 per barrel
The continuing disruption around the Strait of Hormuz
Delta Air Lines warning of more than $2 billion of additional fuel costs
United Airlines warning ticket prices may need to rise by 20%
Maersk revealing that higher oil prices are costing the company $500 million every month
Exxon Mobil warning that markets still have not priced in the full impact
Whirlpool reporting “recession-level” declines in consumer demand
Why food inflation and manufacturing costs are now rising sharply across Europe and the UK
The growing risk of a wider global economic slowdown

The longer this conflict continues, the greater the pressure on consumers, businesses and the global economy.

[Irish_Dem]

1. Businesses who all support Trump, kiss his ass, and pay him bribes.

They will pass on any costs to the consumers.
They do not care.