How the war in Iran and its economic fallout will lead to Trump’s defeat

The article discusses Donald Trump's confidence following actions in Venezuela and his approach to Iran, believing military action will be beneficial despite potential economic consequences. Trump anticipates a short-term rise in oil prices followed by a rapid drop after the "destruction of the Iranian nuclear threat." The U.S. economy is considered relatively insulated from energy price spikes due to increased domestic production and natural gas usage. While European markets reacted negatively to disruptions in oil and gas supply routes, the U.S. stock market remained stable. Despite Trump's perceived invincibility, the article suggests he is heading towards defeat, though the reasons are not fully explained in this excerpt.

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