WHAT DOES THE U.S. DO NEXT IN IRAN?
By Laszlo Enyedi • April 30, 2026
President Donald Trump is being briefed today on military options in Iran, according to Axios. Will this remain a pressure campaign, or move toward escalation? And in the most extreme case: could ground forces follow?
WHY THIS MATTERS
1. ENERGY PRICES MOVE FIRST
Any escalation around Strait of Hormuz hits oil markets immediately.
That flows through to fuel prices, transport costs—and eventually what you pay for everyday goods.
2. VOLATILITY BECOMES THE NEW NORMAL
Markets react not just to war, but to the risk of war.
Expect sharper swings in prices—from energy to food to currencies.
3. THE COST OF ESCALATION IS GLOBAL
A limited strike may pass quickly.
A wider conflict—especially involving ground forces—pulls in allies, disrupts trade, and raises long-term costs across the global economy.