By: Atul Singh, Manu Sharma
Iran has blocked the Strait of Hormuz, causing a rise in fuel and fertilizer prices. In turn, these will cause shortages and prices of food to rise. Asian economies that rely on Gulf energy will suffer. Gulf economies might be forced to liquidate some of their $4 trillion in assets to cushion a collapse in export revenues and hike in import costs. This great liquidation threatens to trigger a fall in stock markets, burst the AI bubble and destabilize US Treasuries, and even trigger global hyper-stagflation.








