U.S. strikes against Iran began July 12 and continued for 12 consecutive nights. Brent crude futures exceeded $100 per barrel, WTI rose 6% to $92, the 10-year Treasury yield surpassed 4.7%, and the S&P 500 declined about 2%. Reports also noted tanker attacks off Saudi Arabia and ongoing Houthi threats to supply.
No left-leaning sources covered this
“Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'”
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Military escalation functions as a hidden tax on households via higher fuel prices and yields, underscoring the need to accelerate the shift from fossil fuels.
“Costs to working families and shortsightedness of regional conflict”
Price surges expose limits of prior weakness toward Iran and underscore the need for robust domestic energy production and deterrence.
“Domestic inflation pressures and security through strength”
Strikes illustrate how government military actions distort markets and impose dispersed costs on individuals through elevated energy and borrowing rates.
“Non-aggression principle and skepticism of state intervention”
All three perspectives accept the July 12 strikes as the settled trigger without sufficient baseline supply data or alternative market drivers.
“Missing export volumes and possible media amplification of volatility”
Ratings by MBFC