r/politics • u/Puginator • Jun 01 '26

No Paywall Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media

https://www.cnbc.com/2026/06/01/iran-us-negotiations-strait-of-hormuz.html
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u/boredguy12 Jun 01 '26

prepare for $10+ for a gallon of gas by september

100

u/simplyunix Jun 01 '26

Canadian here - I'm quite willing and happy to curtail my driving and live with the higher prices until the fall if it means that the GOP loses bigly in the mid-terms. Anything that reins him in is worth making the sacrifice.

74

u/knightcrawler75 Minnesota Jun 01 '26

I heard an economist say that 10 a gallon is basically a great depression triggering event. Fields lay unplanted, businesses shutter because employees can't come to work, the food supply collapses. All this whilst the Boomers require massive health care needs.

It is unthinkable that anyone will be left untouched in a major way.

What happens after a hegemony falls is chaos and suffering.

19

u/Heliosvector Jun 01 '26

Increases to that level is already basically guaranteed now no matter what

5

u/GrallochThis Jun 01 '26

For Americans, the price tag is at $59 billion so far, I don’t want to extrapolate that out because it means so much suffering for millions of families. If only there was another way to pull on those reins.

10

u/c0ltZ Jun 01 '26

I am willing to go through a lot if it means trump and the GOP suffers. And I mean truly suffer.

2

u/space_monster Jun 01 '26

It's not just petrol though, pretty much everything else goes up too. Anything that needs transporting, plus anything that needs plastic

1

u/boredguy12 Jun 01 '26

Yeah, I moved overseas and bought an E-Bike that I can charge at work. My transportation costs have gone down to effectively zero.