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Trump's strikes on Iran have introduced a dangerous new variable into an already fragile US economic equation, and Washington has precious little room to absorb the shock.
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As Iran chokes off the Strait of Hormuz to pressure the West, it is simultaneously strangling the very trade lifeline that keeps its own economy alive.
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With crude prices nearing $100 a barrel and the Strait of Hormuz effectively closed to normal traffic, the economic fallout from the US-Israel campaign against Iran is forcing a rapid realignment of global energy supply chains.
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Washington's promise of naval escorts and insurance guarantees for Gulf shipping offers symbolic reassurance, but the economics of energy disruption are already doing their damage.
