Name: BREAKING: Trump Just Attacked Iran - Here's What It Means for Your Money
Uploaded: 2026-03-02T21:41:54.000Z
Duration: 14 min 25 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

The Iranian parliament has voted to close the strategically vital Strait of Hormuz.

If Iran actually carry out, what they've threatened to do would be three times the size of the shocks we've seen in the past.

Adverbs of degree

It would be, I think, a massive escalation that would merit a response not just by us, but

The ongoing conflict between Israel and Iran could plunge the entire global economy into recession.

So this is not the video I was expecting to make today, but

you better brace yourself for what's about to happen.

Over the last 48 hours, the United States and Israel have launched a coordinated attack against Iran's nuclear facilities and naval assets across the Persian Gulf.

Shipping, oil and critical reserves are now effectively closed off from the rest of the world.

The timeline of ongoing conflict is expected to last another four weeks.

And if things don't hopefully resolve soon, the entire situation could get split significantly worse.

That's why we really got to discuss exactly what's happening, why the markets are beginning to panic, and

the consequences of ongoing escalation when it comes to oil shipping, food prices, and

Because the reality is what happens next could reshape the entire market a lot faster than people are prepared for.

Although, before we start, I understand these could be sensitive topics to talk about, but

there are real world economic implications for practically everyone watching.

So if you appreciate the breaking news, unbiased videos like this work.

It would mean the world to me if you hit the like button or subscribe if you haven't done that already.

It seriously helps with the channel tremendously.

It's really just me doing these videos really late and super early in the morning to get them out in time.

And as a thank you for doing that, I will do my best to read and reply to as many of your comments as I can.

And also a big thank you to Incogni for sponsoring this video.

All right, so in terms of how we got here, to bring you up to speed, we have to talk about Operation Epic Fury.

See, for those unfamiliar, throughout the last year, the United States has engaged non talks with Iran for fear that they could be dangerously close to creating a nuclear weapon.

So the Trump administration drew a very clear scale it back or face consequences.

Unfortunately, though, when those talks failed to produce an agreement and intelligence suggested that Iran could be months or possibly weeks from nuclear capability, on February 28, the US moved forward with strikes targeting Iran's nuclear infrastructure, missile production sites and air defense systems in, in an effort to stop these nuclear advancements before it was too late.

And on the surface, it seemed to be successful.

However, in the hours that followed, Iran didn't back down.

They targeted US Military positions, they've attacked nearby alliances.

Commercial flights are being diverted or completely canceled altogether.

And key lifelines are being shut down in an effort to cut off the rest of the world.

In fact, these next few days will completely determine whether or not this stabilizes or escalates to the the point that changes the entire course of our economy.

That's why the biggest question right now isn't what's happening, it's what happens next.

And in terms of the biggest risk for global markets, we have to talk about the Strait of Hormuz.

For those unaware, this is a narrow stretch of water that separates the Persian Gulf from the rest of the world.

And in terms of its importance, one, it's surrounded by major oil producing countries who make up half of the world's oil supply.

Two, geographically it's the only sea passage from the Persian Gulf to the open ocean.

And, and three, Iran has significant influence to basically control whoever they want to enter or exit.

See, one fifth of the world's oil supply and one third of the world's natural gas passes through this small waterway on a daily basis.

And unfortunately, there are very few alternatives if something or someone were to block ships from passing through, meaning a small stretch of water effectively controls the entire world.

Now, in terms of who benefits the most from this strait being open, the honest answer is everybody like, sure.

Even though it's true that 84% of the oil that flows through here gets sold to Asian markets like China, by keeping it open, it frees up supply from other countries.

That helps us become more competitive, it helps keep prices stable, and

global energy shocks are a lot less severe, all thanks to what's called the Transit passage.

This is a legal framework under the United Nations Law of Sea that allows commercial ships to pass through areas like the Strait of Hormuzz.

Within this 2 mile wide transit lane, parts fall within Iran's territorial waters.

And even though they have so far complied with the United nations, they've never ratified their agreement to allow for open transit, meaning they could turn their back and try to disallow ships from passing through their territory, which is what's beginning to happen over the weekend.

Iran has threatened to close the strait entirely, which would cut off the flow of oil and basically shut down the entire world.

And that's why the most immediate impact seems to be oil oil prices.

On the most basic level, the United states uses almost 20 million barrels of oil every single day, which makes us the number one consumer of oil in the world by far.

Since we only produce 18.6 million barrels of oil a day, we become reliant on other countries to fill that deficit.

And this is where things get interesting.

If the Strait of Hormuz got shut down, even just temporarily, all of a sudden, oil prices would rise to shipping costs would increase, production of raw materials goes up in price, and

transportation would become that much more expensive.

In fact, the Federal Reserve estimates that for every $10 a barrel, increase in crude oil prices results in 0.2% more inflation.

On top of that, the United States personally receives about 7% of its oil supply directly from the Strait of Hormuz, leaving us with no other choice than to pay higher prices to other exporting countries that are closer to us, like Canada and Mexico.

Look, to give you an idea just how sensitive oil prices have become.

Even just the risk of a potential shutdown caused oil prices to spike 15% pretty much overnight.

And in terms of how high prices could go, JP Morgan previously said that we could see oil rise as high as $130 a barrel in the event it's closed for a prolonged period.

On top of that, if the strait was closed, this could turn into a global catastrophe of military escalation, where every single country does everything in their power to get it open as soon as possible by whatever means necessary.

And this isn't even the worst possible case scenario.

Iran could also theoretically attack the oil wells and production themselves, pretty much shutting down supply for the rest of the world.

So, in terms of why the markets are freaking out, what's likely to happen next, and

what you could do about this personally, here's what you came for.

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All right, so in terms of what's happening right now, there are three ways that this could play out.