Graham Stephan: "In this case, the conflict throughout the Middle East caused oil prices to spike past $100 a barrel. And with the straight of Hormuz still n..." — Partially
📅 18.05.2026 · It Started: The US Debt Bomb Just Imploded · 👁️ 3
Partially. The claim is partially confirmed. The Middle East conflict indeed caused oil prices to spike past $100 a barrel, and the Strait of Hormuz was not fully operational around the statement date (May 18, 2026). The general ec...
"In this case, the conflict throughout the Middle East caused oil prices to spike past $100 a barrel. And with the straight of Hormuz still not fully operational, oil prices are only expected to go even higher. Plus, this doesn't just affect gas prices. Higher oil literally flows throughout the entire economy."
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Login…8% year-over-year, the highest reading since May of 2023. And PPI, which measures wholesale inflation, as in the inflation that businesses pay before it hits the customer, rose 6% year-over-year, the fastest pace since 2022, implying that inflation is coming back faster and stronger than ever, mainly the result of number two, oil. In this case, the conflict throughout the Middle East caused oil prices to spike past $100 a barrel. And with the straight of Hormuz still not fully operational, oil prices are only expected to go even higher. Plus, this doesn't just affect gas prices. Higher oil literally flows throughout the entire economy. We're talking shipping, trucking manufacturing food production, and more. So, when oil spikes this much, inflation eventually follows, which is not helped by number three. The government is flooding the market with debt. The fact is, we are running roughly $2 trillion a year in annual deficits. We are spending significantly more than we make. And…