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Iran War: Trump Again Strikes Iran Out of Frustration With Refusal to Capitulate; More Reports of Trump’s Unhinged State; Iran Closes Strait of Hormuz; Doubts About Trump Claims of Covert Oil Transits

Naked Capitalism
Thursday, June 11, 2026 at 8:53 AM
~4 min read
InflationEnergy

Original Report

Today's Iran war news: Trump looks hopelessly mired in Iran due to his emotional instability and denialism. Billions will pay the price.

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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