# The Next Financial Shock to Come From Trump’s War With Iran

- Link: https://www.widthness.com/the-next-financial-shock-to-come-from-trumps-war-with-iran/
- Published: 2026-03-27T09:15:00-05:00
- Author: Curated by John Wysocki

Photo: President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025. Photo credit: Official White House photo by Daniel Torok via Flickr. US government work. Article by Logan McMillen. The New Republic – March 26, 2026. Let’s set the scene. The U.S. government is staring down a projected $1.9 trillion deficit for this fiscal year, with the total national debt now pushing $39 trillion. Simultaneously, the expanding war in Iran and the subsequent crisis in the Strait of Hormuz have fractured global energy supply chains, driving Brent crude to $119 a barrel and sparking a massive inflationary shock. By any standard metric of sovereign risk, a state that is rapidly accelerating its debt issuance while engaging in a war of choice that is throttling the worldwide supply of oil should be facing the possibility of having its bonds repriced. […] Click here to view original web page at www.newrepublic.com