jasdooit

A well-known global security specialist, Robert Pape, sounded a serious alert on Sunday, stating that a point of no return has been reached in the U.S. conflict with Iran, which could lead to widespread shortages and economic disturbances similar to those witnessed in recent decades.

“Two months ago, I cautioned that the conflict in Iran was not merely causing an increase in oil prices. It was setting the stage for shortages, supply interruptions, and ultimately, economic decline,” Pape, a political science professor at the University of Chicago, warned in ananalysisreleased on Sunday via his Substack. “That shift is now starting.”

Also Read: The secret to Trump’s downfall lies in action — there is only one significant challenge

Among Iran’s initial reactions to the “unprovokedAn attack by the United States and Israel was aimed at closing the Strait of Hormuz – a vital maritime route through which 20% of global oil trade historically passed – to ships aligned with the U.S. It is expected that the partial closure of the strait caused oil prices toskyrocketing.

As the conflict enters its 78th day on Sunday, the strait’s closure has finallyexhaustedglobally established “buffers” that have contributed to mitigating the economic effects of disrupted trade via one of the most heavily used maritime routes, Pape cautioned.

Looking for more up-to-date political news?Click to view the most recent news updates on Raw Story.

The key issue is not just oil prices anymore,” Pape wrote. “The world’s emergency reserves—stocks, reserves, subsidies, and logistical solutions—are starting to collapse at the same time.

Indications that existing reserves or supplies still en route are running low have already arrived in the United States. Thefinal shipmentoil from the Strait of Hormuz arrived in California earlier this month, and reports indicate a significantshortage of motor oil may be imminent.