$25 Billion Lost: How Hormuz Is Pushing the World Into Recession
$25 billion lost. Half a trillion projected by December. The Hormuz closure isn't just a Middle East story — it's hitting your wallet, your food supply, and your job right now.
This week on VFI News, we're covering one of the most underreported consequences of the ongoing Iran-Israel-US standoff: the catastrophic economic impact of the continued Strait of Hormuz closure.
We compare what's unfolding right now to the 1973 Arab oil embargo — and the parallels are alarming. Reuters reported this week that 279 major international corporations, including ExxonMobil, Shell, McDonald's, Whirlpool, and Toyota, have collectively lost $25 billion. Whirlpool's CEO is comparing this to the 2008 global financial crisis. Some projections put total global losses above half a trillion dollars by December if the strait stays closed.
We also look at the humanitarian disaster unfolding inside Iran — water shortages, extreme heat, a collapsing currency, and millions of internal refugees — and why the regime still refuses to negotiate seriously with the US.
Finally, we offer a practical, faith-based response: what each of us can do right now to prepare, from prayer to planting a garden, no matter where you live.
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🙏 Pray for the peace of Jerusalem — and for all those suffering in this conflict.
#Israel #StraitOfhormuz #Iran #GlobalEconomy #MiddleEast
#Israel #StraitOfHormuz #Iran #GlobalEconomy #MiddleEast #VFINews