Economist Jeffrey Sachs warned that escalating conflict involving Iran could cause a collapse of the global energy supply within days or weeks [1].
A disruption of this scale would threaten international economic stability and trigger severe fuel shortages across multiple continents. Sachs said the current trajectory is a strategic miscalculation by the U.S. and Israel [1].
Sachs said the conflict is rooted in a geopolitical power struggle. He said the U.S. is seeking dominance over the Gulf region while Iran resists those efforts [1]. This tension, he said, has created a volatile environment where a total energy shutdown is a tangible risk.
During his remarks, Sachs criticized the leadership driving these policies. He said Donald Trump is a fool [1]. He also said both Trump and Benjamin Netanyahu are megalomaniacs [1].
Sachs said the pursuit of regional hegemony is overriding rational diplomatic efforts. He said the current approach ignores the catastrophic risks associated with destabilizing the primary corridors of global oil and gas transport [1].
“We could be days or weeks away from a collapse of the global energy supply.”
The warning highlights the extreme sensitivity of the Strait of Hormuz and other Gulf transit points. Because a significant portion of the world's petroleum passes through these waters, any direct military escalation between the US, Israel, and Iran could trigger an immediate global price shock and supply chain failure, regardless of the political goals of the combatants.
