Truthout
Economy
Prolonged Closure of Strait of Hormuz May Lead to Global Hunger Catastrophe
A global food crisis is unfolding amid “the worst debt crisis on record” for developing countries, says Adam Hanieh.
Trump Admin Report: Pre-Iran War Gas Prices Won’t Return Until After 2027
Nearly 7 in 10 Americans describe rising gas costs as “extremely” or “very” concerning, a new poll found.
US-Israeli War on Iran Is Intensifying All of Global Capitalism’s Problems
This war is widening the deep systemic problems that were already present before February 28, says scholar Adam Hanieh.
Amid War, the Middle East Remains a Key Center of the Global Economy
Damage to the region’s logistical networks and infrastructure will have a big ripple effect down global supply chains.
Trump’s Iran War May Mark the Beginning of the End for Dollar-Backed US Empire
Radical economist Costas Lapavitsas discusses the crumbling of the dollar-backed world system and what could be next.
The War on Iran Is Reshaping the Global Economy
Professor Laleh Khalili discusses the implications for the petrodollar and for sustainable alternatives to oil.
War on Iran Is Enriching Weapons Firms as It Tanks the Global Economy
The military-industrial complex rakes in profits as the rest of the world suffers, economist C. P. Chandrasekhar argues.
Trump Says Rising Oil Prices “Benefit” US as Americans Struggle With Gas Costs
Gas prices have increased by more than 22 percent since the week before Trump launched the US’s war on Iran.
Trump’s Economy Is Hurting Americans — and Setting Us Up for Long-Term Collapse
Trump boasts of a booming economy. He’s dead wrong. A year into Trump 2.0, the affordability crisis is worse than ever.
Trump Uses State of the Union Address to Falsely Declare Economy Is “Roaring”
Ignoring the economic reality of most Americans is an incredible gamble for the president.