Trump ‘doesn’t care’ but he is leading the world into a nightmare
The ongoing conflict in the Middle East is raising concerns about the global oil market and economic stability. While sharemarket investors remain optimistic, oil industry experts warn of potential price surges and prolonged disruptions. Key figures predict that normal oil flows may not resume until well into next year, posing significant risks to fuel security and the economy.
- ▪Oil prices could reach $US150 a barrel if the conflict continues.
- ▪Global oil inventories are being depleted at a record pace, threatening the economy.
- ▪Experts suggest it may take a year for global oil supply chains to recover after flows normalize.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"NewsArticle","dateModified":"2026-06-03T02:00:22Z","datePublished":"2026-06-03T02:00:22Z","description":"Donald Trump and sharemarkets appear relaxed about the effects of the war in Iran but the likelihood of significant global economic damage is increasing by the day.","headline":"Trump ‘doesn’t care’ but he is leading the world into a nightmare","keywords":"Oil, Opinion, Middle East at war, Donald Trump, Iran sanctions, OPEC, Sharemarket, For subscribers, Just in","author":[{"@type":"Person","name":"Stephen Bartholomeusz","jobTitle":"Senior business…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.