Trump's foolishness has pushed the global economy years backward!

Simply restoring the world's largest liquefied natural gas production hub—Ras Laffan in Qatar—will take 3 to 5 years.

An expert article was published by Russia Today on April 20th.

Most people have not fully grasped the scale of disruption caused by Iran blocking the strait to global supply chains.

It's like radiation sickness… Imagine someone surviving a nuclear explosion but suffering radiation exposure.

The fatal consequences may not become apparent for days or even weeks.

In this case, the victims are the global economic, financial, and industrial systems.

Critical infrastructure has suffered severe physical damage.

Oil: Some oil wells might resume production within days or weeks, but full recovery of the Persian Gulf system (damaged oilfields + logistics) will take months to one or two years.

Liquefied Natural Gas (LNG): Qatar dominates the market; full repairs at Ras Laffan will take 3 to 5 years.

Urea (fertilizer): Produced from natural gas; Persian Gulf countries account for about 45–46% of global urea shipping. Supply restoration and transportation delays mean shortages lasting several months.

Helium: Qatar supplies around 30–33% of global helium output; damage to the Ras Laffan field means production halt will last over 3–5 years.

Aftereffects of the supply cutoff on the global economy.

Supply constraints (affecting roughly 20% of global oil market share, 20% of LNG market, plus substantial urea and helium supplies) have triggered the most severe supply shock in modern energy history, with far-reaching impacts extending well beyond fuel prices.

Inflation and stagflation risks in the energy sector: Oil prices surged dramatically (Brent crude briefly exceeded $120 per barrel), and Asian LNG prices soared over 140%. Rising costs in transportation, electricity, and production have driven up overall inflation while hampering economic growth.

Food prices have skyrocketed due to urea shortages: The Persian Gulf region supplies 20%–46% of global fertilizer.

Shortages have already forced shutdowns at factories in India, Bangladesh, and Pakistan.

Farmers in import-dependent nations (India, Brazil, some African countries) will face reduced planting areas or rising input costs.

This will lead to a global rise in food prices between 2026 and 2027.

Technologies reliant on helium supply: These are crucial for semiconductor manufacturing (cooling/chip fabrication), MRI machines (superconducting magnets), fiber optics, welding, and aerospace industries.

Shortages have already disrupted supply chains, and a slowdown in chip production is expected to persist for years.

Broader implications: Supply chains thrown into chaos, consumer goods prices rising (gasoline, food, medical procedures), GDP growth slowing in Asia and Europe (the most vulnerable regions), and potential downward pressure on fragile economies.

Although the U.S. has relatively low direct dependency, it still feels indirect effects through global commodity markets.

In short, even if the U.S. meets all Iranian demands and normal passage through the Strait of Hormuz resumes on Monday, April 20th, returning to full normalcy will take several quarters to years—not an instant shift.

The outlook for global economic growth is already grim, and as this conflict continues, conditions will only deteriorate further.

All of this is due entirely to Trump’s foolish ambitions.

Original source: toutiao.com/article/1862942202077260/

Disclaimer: The views expressed in this article are solely those of the author.