The global energy market is under significant pressure as the military confrontation between the United States and Iran intensifies. Former CIA Director Leon Panetta has issued a sharp critique of President Donald Trump's handling of the escalating crisis, suggesting the administration failed to grasp the economic consequences of a prolonged conflict.
With the Strait of Hormuz effectively blocked and threats of infrastructure destruction mounting, the world faces a supply shock that could redefine modern geopolitics. Panetta, who also served as US Secretary of Defence under President Barack Obama, expressed deep concern over the lack of a coherent long-term strategy in Washington in relation to the current administration's tactical approach.
