The Republican candidate's promise to oil and gas executives has come true, as the price of gasoline is set to skyrocket.
The president's decision to attack Iran was predictable, given the geopolitical tensions in the region.
The consequences of the attack have been severe, with Iran closing the Strait of Hormuz to commercial shipping.
This move has resulted in a significant disruption to global oil supplies, leading to increased prices at the pump.
Analysts warn that the price of gasoline could reach $5.00 per gallon in the coming weeks and months.
The shortage of jet fuel is exacerbating the situation, as American refineries are producing 340,000 barrels less gasoline daily than before the attack.
This decrease in production has put pressure on gas prices, which will continue to rise even if supplies from strategic oil reserves are used.
The Financial Times predicts that higher energy costs today will lead to higher inflation later this year.
As a result, consumers can expect to see significant increases in the cost of living, particularly for those who rely heavily on gasoline for transportation.
The sudden increase in gas prices will have a ripple effect on the economy, particularly for low-income households.
