Source: The American Prospect
by David Dayen
“When we had shipping expert Sal Mercogliano on our Organized Money podcast, he said that for every day the Strait of Hormuz is shut down to traffic, it’ll take a week to untangle the problem afterward. Yesterday was day 52 of the crisis, so that’s a year on the back end, even if it ended imminently. So get used to more from us at Aftermath, as we detail the consequences before the fighting even stops. Tell your friends and scroll through previous editions at prospect.org/aftermath. We are [still at war]. My colleague Bob Kuttner ran down the latest as of yesterday afternoon. The fundamental problem is that this war turned the Strait of Hormuz into a bargaining chip, and both sides want to use that chip by closing the strait, which continues to punish the global economy with price spikes and shortages.” (04/21/26)
https://prospect.org/2026/04/21/aftermath-hormuz-farm-crisis-gulf-states-fertilizer-aluminum/