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Americans were not even this stressed about their financial situations during the Great Recession. As you will see below, a brand new Gallup survey has discovered that 55 percent of Americans believe that their finances are getting worse. That is higher than any reading that Gallup recorded during the recession of 2008 and 2009, and it is higher than any reading that Gallup recorded during the pandemic. But of course this shouldn’t exactly be a surprise to any of us. We have been in a historic cost of living crisis since 2020, and our standard of living has been steadily deteriorating as the purchasing power of our money has gone down.

If you are making the same amount of money as you did at the beginning of this decade, you are in far worse shape financially today.

That is just the reality of the time that we are living in.

The cost of just about everything has been going up and up and up.

As a result, people are more concerned about the economy than anything else.

According to Gallup, the percentage of Americans that believe that their finances are getting worse has been rising for five years in a row and is now at the highest level ever recorded…

Americans’ financial outlook in 2026 is also historically poor, with a record 55% now saying their financial situation is getting worse. While similar to last year’s 53%, this is up from 47% in 2024 and marks the fifth consecutive year more Americans say their finances are worsening rather than improving.

The only similar multiyear period when the larger share felt their financial situation was worsening was during the Great Recession.

At this stage, there is no denying the trend that we are witnessing.

Gallup found that Americans are particularly concerned about monthly bills, healthcare and retirement…

Majorities worry about not having enough money for retirement (62%) and being unable to cover medical costs in the event of a serious accident or illness (60%). Slightly smaller majorities (54% each) worry about their investment returns and maintaining their standard of living.

Nearly half are concerned about routine healthcare costs (48%), while 41% worry about paying their normal monthly bills and 40% about affording college. Fewer worry about housing costs (35%) or making minimum credit card payments (28%).

Living paycheck to paycheck is not fun at all.

Many of you know exactly what I am talking about.

Today, much of the country is just one major setback away from financial ruin…

According to a recent national survey, a little over $6,000 in additional debt is all it takes to push a family over the edge. Six thousand dollars. The cost of a half-decent secondhand car. A modest kitchen renovation. In the country that put a man on the moon, mapped the human genome, won two world wars, and produces more billionaires per capita than anywhere on earth, that’s the cliff edge.

The old vocabulary no longer fits. The conservative catechism of thrift, discipline, and delayed gratification has aged poorly in light of the evidence. Tariffs, as the survey notes, rippled through supply chains and left a sizeable dent in consumers’ pockets. Health care waits in the background, capable of dismantling a decade of careful saving with a single bad diagnosis. American households have always lived under financial pressure. The difference now is the direction — or rather, the directions. It is coming from everywhere at once, which is what makes it almost impossible to outrun.

The middle class is being systematically eviscerated all around us.

It is a national crisis that just keeps intensifying year after year.

As finances have gotten tighter and tighter, millions upon millions of Americans have fundamentally changed their behavior…

The response has been behavioral rather than political, which is another way of saying people have given up waiting for someone to fix it. Nights out get canceled. Rent falls behind. Medical appointments get postponed and rarely rescheduled. None of this is irrational. When survival takes priority, everything else enters a waiting room with no clear appointment time. What makes it particularly disturbing is that financial distress doesn’t stay financial. It moves through relationships and communities, rearranging what people believe is possible for themselves.

Some will call it hyperbolic to suggest the American Dream is dead. Perhaps. But a dream balanced on a six-thousand-dollar ledge, in a stiff wind, is not exactly thriving. With energy prices soaring and the probability of a recession climbing with every new data release, the wind is picking up.

What about you?

Have you found yourself changing your spending behavior in recent years in an attempt to save money?

If so, there are countless others that are in the exact same shoes.

Unfortunately, the outlook for the months ahead is not promising at all.

On Tuesday, the average price of a gallon of gasoline in the United States rose to the highest level that we have seen since the war with Iran began…

Gas prices climbed Tuesday to their highest level since the Iran conflict began.

The national average for a gallon of regular hit $4.18, up 15 cents from a week earlier and about $1 higher than a year ago, according to AAA.

As energy prices rise, it is going to affect the cost of everything else too.

Meanwhile, the government just continues to tax us into oblivion.

As I have detailed in other articles, each year Americans are hit with literally dozens of different taxes and fees.

When you add all of them together, some Americans end up paying more than 50 percent of their incomes in taxes and fees.

In fact, Bill Maher is claiming that he pays about 60 percent of his income in taxes and fees…

Even for liberal HBO host Bill Maher, the math behind Tax Day no longer adds up.

Maher took to his platform on “Real Time” to sound the alarm on a staggering personal tax burden that he says claims the majority of his earnings, sparking a wider debate on whether the American government is simply “incompetent and corrupt” despite a $5 trillion revenue stream.

“Last week was Tax Day… I paid to the government, if you add in state tax, local, sales, property, fees, Obamacare, probably almost 60% of what I earn. That’s a lot,” Maher said on a recent episode.

If you have to hand over more than half of what you earn to the government, you are no longer living in a capitalist system.

Some people out there don’t seem to have figured that out yet.

In this environment, you should be thankful if you still have an income coming in, because we continue to see mass layoffs all over the nation.

For example, Nike just announced yet another round of layoffs…

Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.

In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.

Our economy is coming apart at the seams all around us.

And now the crisis in the Middle East threatens to plunge the entire global system into an extended downturn.

We really are facing a nightmare scenario, and it won’t be too long before that is completely and utterly obvious to everyone.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

They aren’t telling you the truth about what is coming. Even if the Strait of Hormuz reopens tomorrow, and there is no way that is going to happen, oil production will not return to pre-war levels for years. In other words, we are facing an extended global energy crisis no matter what happens now. Of course if the fighting resumes and more oil and gas infrastructure is destroyed, the consequences that we will experience will be even worse. We are already witnessing rationing and shortages in some parts of Asia because they are more dependent on energy from the Middle East than anyone else. But as nations all over the world run through their strategic reserves, rationing and shortages will become a lot more widespread during the months that are ahead of us.

Most people living in the western world have no idea how much damage has already been done to oil and gas infrastructure in the Middle East.

According to Goldman Sachs, oil production in the Persian Gulf has declined by a whopping 57 percent from pre-war levels…

The war with Iran is having an enormous impact on the global oil market. According to an estimate by Goldman Sachs, oil production from the Persian Gulf region is down 57% from its pre-war level, or about 14.5 million barrels per day. The world is currently covering the shortfall by drawing oil from storage, including a record 400 million barrel release by members of the International Energy Agency (IEA).

If the war ends soon, some of that production will be quickly restored.

But there are many oil and gas facilities that have been completely destroyed, and it is being projected that it could take up to 50 billion dollars to rebuild that infrastructure…

Repair and restoration costs for energy-linked infrastructure as a result of war in the Middle East could hit $58 billion, Rystad Energy analysis shows, with the total for oil and gas facilities potentially up to $50 billion. Three weeks after we published an initial estimate of $25 billion in repair costs across Gulf energy infrastructure, the scope of damage has expanded materially. The continuation of military strikes drove up the number of impacted assets across the region before largely subsiding following an 8 April ceasefire between the US and Iran. This pushed the estimate for the average in potential total repair and restoration spending to $46 billion – representing the midway point in the range of $34 billion to $58 billion – across oil and gas infrastructure, inclusive of an average of $5 billion across industrial, power and desalination assets. The ceasefire, combined with stalled negotiations and renewed escalation risk, continues to shape the operating environment, alongside risks of disruption and potential blockades affecting shipping through the Strait of Hormuz.

Even if reconstruction begins immediately, it would likely take until 2029 or 2030 before all of the oil and gas facilities in the region are fully restored.

So what is the rest of the world supposed to do while we wait for that to happen?

At this moment, everyone is running through their strategic reserves.

For some countries those reserves will last for months, but for other countries those reserves will only last for weeks.

Once the reserves are gone, shortages will start making a lot more headlines and prices will escalate significantly.

Of course the price of oil has already risen to very painful levels…

Oil prices climbed almost 3% Monday as hopes for a peace deal between the U.S. and Iran dimmed and energy shipments through the Strait of Hormuz remained extremely constrained.

The price of international benchmark Brent Crude was up about $3, or almost 3%, to $108.36 per barrel early Monday morning, its highest price point in three weeks. U.S. West Texas Intermediate was up 2.6% before U.S. markets opened, at $96.85.

This is going to affect virtually every man, woman and child on the entire planet, because our entire way of life is fueled by energy.

When energy prices go up, our standard of living goes down.

Unfortunately, energy prices have been going way up since the start of the war…

In the United States, the cost of a gallon of gas has increased by over a dollar since the strait closed, and the cost of diesel is up nearly 50 percent. Gas prices in Europe have increased by around 10 percent, and the region is facing a jet fuel shortage and concerns about the flow of liquid natural gas (LNG). Asia is being hit even harder. Roughly 20 percent of the world’s oil and LNG passes through the strait. Over 80 percent of this fuel goes to Asia. Several Asian countries, such as the Philippines, Japan, and South Korea, are now facing a real energy crisis.

Some Americans are now spending more than $100 to fill up their vehicles, and the average price of a gallon of gasoline in the United States has now surpassed the four dollar mark…

The average price of gasoline in the U.S. rose 7 cents over the last week and currently stands at $4.04 per gallon, according to new data released by GasBuddy, an app that tracks gas prices across parts of North America and Australia. Within the U.S., that data comes from more than 12 million price reports at roughly 150,000 gas stations nationwide, according to the company.

What has shocked me is the apathy that I am seeing out there.

Most people just assume that everything is going to work out just fine somehow.

Our attention spans have become so short that most of us can no longer see what is coming just a few months down the road.

Thanks to the crisis in the Middle East, we are facing the worst fertilizer crisis in history.

If nitrogen fertilizer is not applied to annual crops such as wheat and barley each season, yields will be way down…

Nitrogen-based fertilisers such as urea must be applied each season for many crops and directly influence annual yields as well as quality parameters, including protein content in wheat.

Farmers can cut back on other core nutrients, such as phosphate and potash, without immediate yield losses.

Many farmers all over the world will not be applying nitrogen fertilizer this year.

As a result, those particular farmers will be growing a lot less food in 2026.

I don’t know why this is so hard for some people to understand.

Right now, harvest forecasts are being slashed all over the planet…

Agricultural bodies, including the International Grains Council, are already cutting their forecasts for the next harvests, ​however. And the United Nations, which is trying to ​negotiate shipping access for fertiliser through the Gulf, has sounded ⁠the alarm over food security in developing nations.

This is not a drill.

This is really happening.

What we desperately need is for the Strait of Hormuz to be reopened as soon as possible.

Sadly, we are farther away from an agreement between the U.S. and Iran than ever.

The Iranians feel like they have won the war and have all the leverage, and so at this stage they are not even willing to talk about their nuclear program with the United States at all…

Iran is no longer willing to negotiate over its nuclear program at all, per Tasnim. Discussions will only cover ending the war, sanctions relief, compensation, and lifting the blockade. Nuclear issues “could be addressed later in a separate agreement,” only after the war has ended.

Nuclear was the central issue in the first round of Islamabad talks, with Trump saying it was “the only point that really mattered.” Iran has now removed it from the table entirely.

Trump says the war won’t end without a nuclear deal. Iran says nuclear won’t be discussed until the war ends.

The Iranians expect the Trump administration to give in, and the Trump administration expects the Iranians to give in.

But neither side is going to give in, and it appears that it is just a matter of time before more fighting breaks out.

Meanwhile, the Strait of Hormuz continues to be closed, and it is likely to remain that way for an extended period of time.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Thanks to the crisis in the Strait of Hormuz, there isn’t going to be enough fertilizer for everyone in 2026. What is available is going to be gobbled up by the wealthy countries because they have the most money. Of course higher fertilizer costs will ultimately be passed along to consumers, and so we will all be paying much higher prices for food in the months ahead. But in the poorest nations on the entire planet, a lack of fertilizer could mean the difference between life and death. A dramatic reduction in the amount of fertilizer that farmers use will result in a dramatic reduction in the amount of food that is grown in those countries. Of course many of those countries were already dealing with very high levels of food insecurity, and the UN has admitted that acute hunger was already at the highest level ever recorded even before the war with Iran began. What the world is facing is unlike anything that any of us have ever seen before, and large numbers of people could literally end up starving to death.

I wish that I was exaggerating.

Without sufficient quantities of fertilizer, there is no way that we could possibly feed the 8 billion people that are living on this planet today.

Unfortunately for all of us, spring planting season is here and much of the world’s supply of fertilizer is trapped because the Strait of Hormuz is closed…

But the share of world supply of urea – the most popular commonly used fertiliser – that typically passed through the strait before the conflict was more than twice that, at 43%.

For sulphur – used to produce phosphate fertilisers – the figure is 44%.

For anhydrous ammonia – another nitrogen fertiliser – 27% of global supply on average passed through the strait between 2019 and 2023.

In addition, many nations normally use natural gas that is exported through the Strait of Hormuz to make their own fertilizer.

So this is why it is so important for the Strait of Hormuz to be opened as soon as possible.

If that does not happen, one UN official is warning that the consequences will be “very significant and severe, particularly for the poorest countries and for the poorest citizens”…

In response, United Nations Secretary-General António Guterres established a task force to facilitate the safe passage of fertilizers and related raw materials for humanitarian purposes.

It is headed by Jorge Moreira da Silva, Executive Director of the UN Office for Project Services (UNOPS), which provides infrastructure, procurement and project management services across the world.

“We can’t wait until everything has been fixed,” he said in an exclusive interview with UN News.

“The planting season has already started…So if we don’t get some solution immediately the crisis will be very significant and severe, particularly for the poorest countries and for the poorest citizens.”

This is really happening.

I have many regular readers in Africa, and it is being reported that African farmers are facing a major fertilizer shortage this year…

Food security in Africa could face major disruptions due to continuing uncertainty in the Strait of Hormuz.

The conflict between the United States, Israel and Iran is disrupting global fertiliser trade flows – and this stands to leave millions of African farmers without the ammonia, urea, phosphate, sulphur and other fertiliser inputs vital to growing more food in sub-Saharan Africa.

Even a small drop in fertilizer availability could be catastrophic.

The UN’s Food and Agriculture Organization is telling us that just a 10 percent reduction in the fertilizer supply in Africa could mean that 25 percent less maize, rice and what is grown this year…

According to the Food and Agriculture Organization, even a 10 percent reduction in fertiliser availability could result in up to 25 percent less maize, rice and wheat grown in sub-Saharan Africa.

Nitrogen fertilizer causes explosive crop development.

Without it, many farmers will grow far less food in 2026.

Even here in the U.S., there are farmers that have decided not to use any nitrogen fertilizer this year because it now costs way too much…

The drought compounds economic strains, including elevated fertilizer costs tied to global events. US Representative Frank Lucas, a Republican from Oklahoma, noted he skipped nitrogen applications on his western Oklahoma wheat fields.

“I didn’t have enough moisture — it wouldn’t have done any good,’’ Lucas said. “Number two, I’m not even sure what the cost would be.”

U.S. farmers are currently facing a double crisis.

In addition to skyrocketing fertilizer prices, conditions throughout much of the middle of the nation are bone dry.

On Friday, I explained to my core supporters that March 2026 was the third driest month ever recorded in the United States.

Only July 1934 and August 1934 were drier, and that was during the Dust Bowl days.

Because things are so dry, massive wildfires are erupting with alarming frequency. For instance, two extremely large wildfires have already burned more than 40,000 acres in Georgia…

Two massive wildfires in south Georgia have scorched more than 40,000 acres and destroyed over 120 homes.

Extreme drought has turned the region into a tinderbox and allowed flames to spread. Overnight, new fires sparked in rural south Georgia. High winds have made efforts to contain the fires difficult, officials said in a news conference Saturday afternoon.

Brantley County Manager Joey Cason called the wildfires a “dynamic situation” in a Saturday morning video posted to social media and begged residents to “please evacuate” if they are ordered to do so. New evacuation orders were issued as the fire spread.

This is going to be such a challenging year.

Far less food will be produced in the U.S. than normal this year, and the same thing could be said about many other major food exporters.

In Australia, they are projecting that wheat production could be down by up to 25 percent.

If farmers do not grow our food, we do not eat.

What we really need is for the Strait of Hormuz to be reopened as quickly as possible, but that isn’t going to happen.

In fact, talks between the U.S. and Iran have totally broken down…

Hopes of a diplomatic breakthrough in the U.S.-Israeli war with Iran faded on Sunday, as efforts to revive talks stalled and ⁠both Tehran and Washington showed little sign of softening their positions.

Iranian Foreign Minister Abbas Araghchi flew back to the Middle East from mediation talks in Pakistan over the weekend, while U.S. President Donald Trump scrapped a planned visit to Islamabad by his envoys Steve Witkoff and Jared Kushner.

The Trump administration is not going to compromise on their key demands, because they are afraid that Israel could be destroyed “within minutes” if Iran is able to produce nuclear weapons…

US President Donald Trump said Sunday that Israel would be destroyed “within minutes” if Iran obtained a nuclear weapon, warning the world would be in danger.

He added that previous US administrations should have acted earlier to stop Iran’s nuclear ambitions.

On the other side, the Iranians have stated that they will not move from their key list of demands, and they are insisting that they are more than ready for fighting to resume…

Iran produces more than 1,000 types of weapons domestically, including missiles, drones and military systems, defence ministry spokesperson Reza Talaei-Nik said.

“Today, more than 1,000 types of weapons… are produced entirely domestically,” he said, adding the capability is the result of over 25 years of investment in the defence sector.

He said production is spread across the country so it can continue even if some facilities are damaged, and added that around 9,000 companies are involved in supporting the defence industry.

The Iranians can hit us much harder and in a lot more ways than most people realize.

Even the Trump administration is greatly underestimating Iran’s capabilities, and that could have tragic consequences for the entire globe.

Once fighting resumes, I am entirely convinced that we will witness some shocking escalations.

And it appears that the Strait of Hormuz will remain closed for the foreseeable future, and that probably means that widespread famine is inevitable now.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

A lot of people out there seem to think that the crisis in the Strait of Hormuz is not that big of a deal, and that is because we aren’t feeling the consequences yet. By the end of this month, the last oil tankers that left the Persian Gulf before the war with Iran began will have arrived at their destinations. And right now nations all over the globe are running through their strategic energy reserves. Some nations have months of oil left, and some nations only have weeks of oil left. As those reserves start to run dry, we are going to witness a supply crunch that is absolutely unprecedented.

If you don’t believe me, perhaps you will believe the head of the International Energy Agency.

He is warning that we are “facing the biggest energy security threat in history”…

“We are facing the biggest energy security threat in history,” Fatih Birol, the head of the International Energy Agency, or IEA, told CNBC on Thursday.

“As of today, we’ve lost 13 million barrels per day of oil … and there are major disruptions in vital commodities,” he told Steve Sedgwick virtually at CNBC’s CONVERGE LIVE in Singapore.

Birol has previously warned that the Iran war and ongoing closure of the Strait of Hormuz would result in “the largest energy crisis we have ever faced” and urged governments to bolster their resilience with alternative energy sources.

For now, we are only witnessing limited rationing and limited shortages around the world because everyone is running through their strategic reserves.

And so it feels like we are going to come through this okay.

But the truth is that we aren’t.

Global supplies of oil and natural gas will get steadily tighter during the months ahead.

The Iranians are hardly letting any commercial vessels get through the Strait of Hormuz, and even if they suddenly changed their minds tomorrow we are being told that it could take up to six months to clear all of the mines out of the Strait of Hormuz…

It may take up to six months to completely clear the Strait of Hormuz of Iranian mines, according to a new report.

A Defense Department official relayed the estimate to lawmakers during a closed-door congressional briefing on Tuesday, three sources familiar with the matter told The Washington Post.

The assessment points to potentially long-lasting economic consequences, as the strait — now subject to dueling U.S. and Iranian blockades — is a critical trade artery that carried 20 percent of the world’s oil before the war.

It appears that Iran has been using this temporary ceasefire to lay more mines in the Strait.

And clearing them will not even begin until the end of the war…

Any efforts to remove the mines won’t even begin until the war ends, the official warned.

The Iranian navy began placing mines in the Strait of Hormuz in March, as US-Israeli forces continued their joint attacks on the country.

Meanwhile, Donald Trump is promising that the U.S. blockade of Iranian ports will continue until Iran finally agrees to make a deal…

I am convinced that Trump is quite serious about this.

According to CENTCOM, more than 30 vessels have been redirected by the U.S. Navy since the blockade was initiated…

The last update by CENTCOM, on Wednesday night, said 31 ships had been redirected since the start of the blockade.

Iran has called the blockade a violation of the ceasefire agreement, while the U.S. says it will remain in place as a condition of negotiations.

With Iran and the U.S. both blocking traffic, barely anything is getting out of the Persian Gulf.

It is a ticking time bomb for the entire global economy, and we are potentially facing catastrophic supply disruptions…

The scale of these observed and potential supply disruptions is without precedent. The 1973 oil embargo wiped roughly 7 percent of global oil production off the market but was politically reversible. The present crisis has reduced 13 percent of global supply, at least temporarily, and it is a physical disruption. The recovery of damaged infrastructure will take months or even years. Finally, the Middle East accounts for about 30 percent of total global oil supply; in a worst-case scenario, virtually all these volumes could be at risk.

The nations that will be the least affected are those that either do not need to import oil or that have accumulated large reserves.

For example, China possesses the largest strategic oil reserves in the entire world…

New data from the US government released this week shows just how aggressively China added to its oil reserves ahead of the war in Iran.

The US Energy Information Administration estimates China ended 2025 with nearly 1.4 billion barrels of oil stocked away, compared to 1.2 billion barrels among the 32 members of the International Energy Agency (IEA), which includes 413 million barrels in US coffers.

And the US has been drawing down its stockpile, with the latest US reserve levels showing about 405 million barrels following the sale of over 8 million barrels in the first half of April.

Even though the Chinese buy more oil and natural gas from the Middle East than anyone else, they will be able to function normally for many months.

Other countries will not have that luxury.

Before the war, it was being projected that the strategic reserves that the UK is holding can only last for about 90 days…

As of February 26, according to the UK Department of Energy Security and Net Zero, the UK holds about 38 million ⁠barrels of crude oil and 30 million barrels of refined products, as strategic reserves. The reserves are thought to be able to last around 90 days.

Other European countries are in even tougher positions.

Shortages of jet fuel will probably start to show up first.

At this point, we are being told that Europe only has about six weeks of jet fuel left…

Jet fuel prices have risen even faster, doubling in price to almost $200 a barrel. And as the war drags on, jet fuel is getting harder to come by for countries that don’t produce it or have limited supplies.

“In Europe, we have maybe six weeks or so (of) jet fuel left,” the International Energy Agency’s executive director, Fatih Birol, told the Associated Press on April 16.

It appears to be inevitable that flights will be canceled and planes will be grounded on a widespread basis.

In fact, Lufthansa has already announced that it will be eliminating about 20,000 short-haul flights…

Lufthansa is cutting roughly 20,000 short-haul flights this summer, citing a spike in jet fuel prices that has rendered many routes “unprofitable” as the global aviation industry grapples with rising costs.

The German carrier said Tuesday the cuts, which will run through October, are expected to save about 40,000 metric tons of jet fuel. The airline noted that fuel prices have roughly doubled since the outbreak of the Iran war.

“In total, 20,000 short-haul flights will be removed from the schedule through October, equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict,” the company said in a statement. “The schedule adjustments reduce the number of unprofitable short-haul flights across the Lufthansa Group network.”

If the Strait of Hormuz is not opened soon, this will only be just the very beginning.

David Roche can see what is happening, and he is suggesting that a worst case scenario is ahead of us…

Irishman David Roche see’s what’s coming:

“We are going to run out of fuel in the global economy”

“The markets are in cloud cuckoo land”

“We are moving beyond initial inflationary affects to the second stage where there is no gas to price”

“Within a few months we will be in an economy which has to adjust downwards to eliminate demand for fuel that’s not there”

Sadly, if we can’t get the Strait of Hormuz opened we really will experience a global nightmare.

It is so frustrating to me that so many people out there do not seem to understand this.

Just because we aren’t experiencing the full consequences of this crisis today does not mean that those consequences are not coming.

It is going to take time for the strategic oil reserves to run dry.

But once they do, things are going to get really crazy.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The economy has been the number one issue for U.S. voters for several years in a row, and it isn’t because things are good. Consumer confidence is at an all-time low, inflation is starting to accelerate once again, mass layoffs are being conducted all over the nation, and delinquencies and foreclosures are soaring. Nobody can dispute any of the facts that I am about to share with you. We have an enormous economic mess on our hands, and now the crisis in the Middle East threatens to plunge the entire global economic system into chaos in the months ahead. In other words, conditions are not good now and the outlook for the future is not promising at all. The following are 18 shocking facts that prove that the U.S. economy is in far worse shape than most people realize…

#1 Consumer confidence in the United States has fallen to an all-time record low…

Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.

The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from the March survey to its lowest on record. Current conditions and expectations indexes also saw double-digit monthly declines.

#2 Student loan delinquencies have exploded to a level that we have never seen before…

Student loan delinquency has climbed to roughly 25 percent of borrowers with payments due during the first year of the current Trump administration, according to new analysis.

Researchers from The Century Foundation and Protect Borrowers said the sharp rise in missed payments, nearly triple the pre-coronavirus pandemic rate, has pushed millions into default risk and lowered credit scores, warning of broader financial fallout for households and colleges facing higher nonpayment rates.

#3 The monthly cost of owning a home has risen to absurd heights…

All in, the median monthly housing payment for an owner — including mortgage principal and interest, taxes, homeowners insurance, and estimated maintenance expenses — has ballooned to more than $2,800, a staggering 72% jump from $1,635 six years earlier.

#4 Foreclosure filings were way up in 2025, and so far in 2026 we are 26 percent above last year’s pace…

A fresh wave of foreclosures is sweeping across the United States, with more than 118,000 homes caught up in the crisis in just the first three months of 2026.

It is a grim omen – with echoes of the run up to the 2008 Great Recession – that financial pressure is mounting for thousands of families.

New Attom data shows 118,727 properties were hit with a foreclosure filing in the first quarter – up 26 percent on the same period last year.

#5 The number of Americans that cannot pay their credit card bills in full each month has reached another record high…

More than 111 million people could not pay off their monthly credit-card bills in full at the end of last year, marking a new record, according to new estimates from consumer advocates. That’s roughly 2 million more people unable to pay in full compared to the end of 2024, they noted.

These card holders now owe banks more than $1 trillion — and most are inching closer to maxing out their credit lines, according to researchers at the Century Foundation, a progressive think tank, and Protect Borrowers, a nonprofit group that advocates for borrowers.

#6 As the cost of living soars, people are pulling money out of their 401(k) plans at a record rate in a desperate attempt to make ends meet…

More Americans are digging into their retirement savings because of financial emergencies.

Last year, a record 6% of workers in 401(k) plans administered by Vanguard Group took a hardship withdrawal. That is up from 4.8% in 2024 and a prepandemic average of about 2%, according to Vanguard.

#7 Food prices continue to escalate, and the price of coffee has more than doubled since 2019…

A 16-item basket of groceries made up of staples like eggs, bread, and meat — no truffle cheese in our cart — rang in nearly 43% higher in March compared to the same month in 2019.

A few key categories are behind the rise: Coffee prices have more than doubled since the pandemic, while beef prices have soared more recently.

#8 For the first time ever, the price of a pound of ground beef is now higher than the federal minimum wage in many parts of the country…

The cost of a pound of ground beef has hit a major threshold. Depending on where you shop, the grocery staple likely costs more than the federal minimum wage.

Money analyzed ground beef prices at seven of the most popular grocery chains across the U.S., finding that 1 pound of the typical 20% fat ground beef costs between $6.49 and $8.96. Organic, grass-fed and leaner varieties tend to cost much more.

On the other hand, the federal minimum wage sits at $7.25 per hour.

#9 The Federal Reserve is telling us that 42.5 percent of recent college graduates were underemployed at the end of 2025…

Historically, college graduates have tended to find jobs faster and experience lower unemployment than workers without a degree. But recent data suggests it’s now harder to find a job that fits your skill set once you graduate.

According to the Federal Reserve of New York, 42.5% of recent college graduates (aged 22 to 27 with a bachelor’s degree or higher) are underemployed as of December 2025 — the highest rate since October 2020. Underemployment refers to working in a role that underutilizes your skills, usually at a lower wage or in a part-time position.

#10 We continue to see retailers close locations all over the nation at a staggering rate. For example, Grocery Outlet has announced that they will be permanently closing 36 stores…

Grocery Outlet – the California-based retailer famous for selling products at steep discounts – says it will close 36 stores nationwide as part of a sweeping restructuring plan designed to improve profitability.

The company revealed the move while reporting its latest financial results, saying it had conducted a ‘strategic, financial and operational analysis’ of its entire store network.

#11 Not to be outdone, Papa John’s has announced that they will be closing approximately 300 restaurants…

Pizza chain Papa John’s said it plans to close hundreds of underperforming restaurants in North America by the end of next year.

“We have identified approximately 300 underperforming restaurants across North America that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant,” Papa John’s Chief Financial Officer Ravi Thanawala said last week during the company’s fourth-quarter earnings call.

#12 One of our “too big to fail” banks has decided that now is the time to cut about 2,500 jobs…

Morgan Stanley is slashing about 3% of its global workforce — roughly 2,500 jobs — across its key divisions, as the Wall Street giant realigns priorities amid a banner year for profits, sources familiar with the matter have told The Post.

The cuts hit the Ted Pick-led lender’s investment banking, trading, and wealth management units, the people close to the situation said.

#13 EBay will be conducting yet another round of layoffs. This time around approximately 800 workers will get the axe…

EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company.

“We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect certain roles across our workforce,” an eBay spokesperson said in a statement. “We are grateful for the contributions of the employees impacted and are committed to supporting them with care and respect.”

#14 At one time Wendy’s was doing great, but in 2026 it will be permanently shuttering hundreds of locations…

Fast-food chain Wendy’s will shutter 5% to 6% of its stores nationwide in the first half of 2026 as part of an ongoing downsizing plan.

Interim CEO Ken Cook first told investors in a Nov. 7 quarterly earnings call that the company would be closing a “mid single-digit percentage” of its nearly 6,000 locations nationwide.

#15 Meta, the parent company of Facebook, apparently intends to let nearly 8,000 employees go in the very near future…

Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report.

The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May 20, sources told Reuters.

The company is also planning additional layoffs in the second half of the year, though details including timing and scope remain unclear, the outlet reported.

#16 From coast to coast, thousands of supply chain workers have been told to hit the bricks in recent weeks…

A wave of layoffs across U.S. supply chains — from EV battery plants and auto parts factories to warehouses and rail terminals — has affected nearly 4,000 workers in recent weeks, according to company announcements and WARN filings across multiple states.

Recent WARN filings and company announcements show job cuts across at least a dozen companies in states including California, Georgia, Tennessee, Texas, Ohio, South Carolina, Pennsylvania and Alabama.

The largest layoffs in the recent wave are coming from the automotive and industrial supply chain. SK Battery America said it laid off 958 workers — about 37% of its workforce — at its electric vehicle battery plant in Commerce, Georgia, citing shifting EV demand as automakers reassess production plans.

#17 According to Newsweek, the following list of companies have all announced layoffs during the month of April…

#18 The total unfunded obligations of the U.S. government have now reached a staggering total of 130.12 trillion dollars…

On March 17, 2026, the U.S. Department of the Treasury quietly released the federal government’s fiscal year 2025 financial report. Buried in its tables is a number that should dominate our national conversation – but doesn’t: Total federal obligations now stand at $130.12 trillion.

That figure is not a rounding error or a political talking point. It is derived from the government’s own accounting – combining the reported negative net position (driven largely by bonded debt) with the present value of projected shortfalls in major social insurance programs. Yet public debate continues to revolve almost exclusively around the much smaller figure of Treasury securities outstanding.

There is no way that anyone can spin the facts that I have just shared with you to make them look good.

So if conditions are already this bad, what will things be like six months from now if the Strait of Hormuz is still closed?

We really are in unprecedented territory, and the truth is the economic conditions could easily get a lot worse during the months ahead.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

We live at a time when most people don’t know where their food comes from, and so they have no idea that we are facing an agricultural nightmare in 2026. Yesterday, I published an article about the historic drought that is devastating our heartland and the nightmarish fertilizer crisis that has been caused by the war in the Middle East. Today, I am going to talk about the stunning decline of the U.S. cattle herd, concerns about the winter wheat harvest, and the frightening drop that we have witnessed in Florida orange production.

I have said this before, but I will say it again.

If farmers don’t grow our food, we don’t eat.

When I was growing up, everyone was drinking Florida orange juice.

Sadly, that is no longer true.

This year, the number of oranges that will be harvested in Florida will be down 95 percent from 1996…

But now, the fruit that helped build Florida is disappearing. The orange is falling victim to disease, disasters and development.

Just how far the orange crop has fallen is shocking. Thirty years ago, 225 million boxes of oranges were picked from Florida orange groves. That was almost enough for one box of oranges for every American in the mid-1990s. This year, the forecast from the U.S. Agriculture Department is 12 million boxes. That is a drop of 95% in one generation.

How in the world could this have happened?

Well, the cold weather that Florida experienced during the month of February severely damaged orange production. But the far bigger problem is citrus greening disease. It is not going to go away, and it could potentially completely wipe out Florida’s oranges…

The cold weather in February cost the citrus industry almost $700 million according to a preliminary estimate from the state agricultural commission. Most of the loss is from a smaller crop and damaged trees.

And then there’s the decades-long fight against a small bug that has been turning Florida’s oranges green. Citrus greening disease is caused by a bacterial infection spread by the Asian citrus psyllid. The bug showed up in Florida almost 30 years ago. The first signs of the disease were visible in citrus groves about 20 years ago.

Meanwhile, the multi-year drought that the heartland of America is experiencing is making it very difficult to produce sufficient quantities of hard red winter wheat…

Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies.

It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma, Texas), while SRW is used in cakes, cookies, crackers, and pastries, and is grown in the Eastern U.S. (Ohio Valley, Midwest, Southeast).

Just think about all of the things that you eat on a regular basis that have wheat in them.

If you feel that those products are expensive now, just wait until you see what the prices will be like later this year.

Beef prices have also become very painful, and that is because the size of the U.S. cattle herd has fallen to the lowest level that we have seen since 1951…

The U.S. cattle herd dwindled to its smallest size since 1951, the U.S. Department of Agriculture said on Friday, signaling that beef prices will stay high for consumers after setting records last year.

The nation had 86.2 million cattle and calves as of Jan. 1, the USDA said in a biannual report, after a persistent drought drove ranchers to slash their herds. That was down 0.4% from a year earlier, when the herd also hit its lowest level since 1951.

In 1951, approximately 154 million people lived in the United States.

Today, approximately 342 million people live in the United States.

So we are trying to feed more than twice as many people with the same amount of cattle that we had in 1951.

Unfortunately, this could be just the beginning of this crisis because the New World screwworm is on a relentless march north…

The flesh-eating parasite, called the New World screwworm, was detected this month in the Mexican state of Nuevo León, just 90 miles away from the U.S. border. As of last year, the insect was still 400 miles away.

“The New World screwworm is not some distant problem,” Texas Agriculture Commissioner Sid Miller said. “It is a direct and imminent threat to Texas, and we are treating it that way. This is a high-stakes situation for our ranchers, our livestock industry and our food supply, and we are moving aggressively to stay ahead of it.”

Ranchers are frightened out of their minds, because these little parasites love to ravage cattle.

All it takes for disaster to strike is for one female fly to find a body opening or an open wound…

This insect is attracted to the smell of wounds and body openings, including the nose, eyes, ears, mouth and genitals.

Once a female fly makes contact, it can lay 200 to 300 eggs in a wound or opening that can be as small as a tick bite. In some cases, the fly may lay up to 3,000 eggs during its 10 to 30-day lifespan.

The eggs then hatch into maggots that burrow into the wound or opening and feed on the flesh. After about seven days of feeding, the larvae drop to the ground and eventually emerge as adult screwworm flies.

Even without the war in the Middle East, this would be an exceedingly challenging year for our farmers and our ranchers.

But now thanks to the war, we are facing skyrocketing fuel costs and global fertilizer shortages…

Farmers around the world are facing fertilizer shortages and rising costs due to supply disruption caused by the war in Iran, which could make food more expensive later this year.

The war has almost halted shipments through the Strait of Hormuz, a narrow passage off Iran that handles about a fifth of the world’s oil and nearly a third of global fertilizer trade.

As I discussed yesterday, one survey found that 70 percent of U.S. farmers are admitting that they won’t be able to buy enough fertilizer this year because prices have simply gotten too high.

Diesel prices are spiking as well, and they are only going to go higher as global supplies of fuel get tighter and tighter…

Nobody can dispute any of the facts that I have presented in this article.

Food prices have risen steadily in recent years, but the truth is that what is ahead will be even worse.

In impoverished nations, the number of people experiencing acute hunger was already at an all-time record high before the war with Iran erupted, and now many experts are warning of widespread famines.

But most people out there just expect everything to turn out just fine somehow, because that is how the stories that they watch on television always end.

Of course what we are living through is not a television show.

This is the real world, and in the real world bad decisions can lead to severe consequences.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

It turns out that the Iranian officials that the U.S. has been negotiating with do not actually have the power to make a peace deal. So this may help to explain why there has been so much confusion. The truth is that the U.S. has been negotiating with the wrong people in Iran this entire time, and the Trump administration is finally starting to realize this. Unfortunately, as you will see below, those that are now in charge in Iran are extreme hardliners. They are not inclined to compromise at all, and that is really bad news for the entire planet, because President Trump is warning that it is “highly unlikely” that the ceasefire will be extended if Iran does not agree to a peace deal by tomorrow night…

Speaking Monday to Bloomberg, President Trump reiterated that the U.S. blockade would not be dropped until a final peace deal with Iran is reached, and he told the news outlet it was “highly unlikely” that he would extend the current ceasefire beyond its expiration on Tuesday night U.S. time if no agreement is nailed down.

As I discussed yesterday, Trump has publicly stated that “the whole country is getting blown up” if Iran does not accept the deal that he has put on the table.

Trump is certainly willing to do more fighting if that is what it takes to reach an acceptable conclusion to this crisis, and he is pledging that he will not make enormous compromises just to get some sort of a deal done…

Only a day after threatening that Iran would be “getting blown up” unless the regime signed a U.S.-backed deal, the president on Monday said he’s in no rush to reach an agreement with Tehran.

“The Democrats are doing everything possible to hurt the very strong position we are in with respect to Iran,” Mr. Trump wrote on Truth Social, noting that Democrats “like to say that I promised 6 weeks to defeat Iran.”

The president insisted that from a military standpoint, it was “far faster” than six weeks to defeat Iran. Still, he said, “I’m not going to let them rush the United States into making a deal that is not as good as it could have been.”

Of course the Iranians are in no mood to do much compromising either, and they have made that abundantly clear.

And it turns out that the people that we have been negotiating with do not actually have the power to agree to a deal.

According to Axios, one U.S. official is admitting that the Trump administration “thought they were negotiating with the right people”, but now they have figured out that wasn’t actually true…

A US official said Washington is uncertain who is in charge in Iran as efforts continue to secure a deal and extend the ceasefire, Axios reported on Monday.

“We aren’t sure who’s in charge and neither do they. That’s going to have work itself out,” it quoted the official as saying.

“We thought they were negotiating with the right people, they had reached the cocktail of what they had agreed to, what could be announced. But what happened is the Iranian team went back and the IRGC and those kinds of people said ‘oh, no, no. You don’t speak for us,’” a second senior administration official said.

“Now they have a real divide over there between these factions and we’re not sure who’s going to win it. We hope the team we negotiated with will.”

Weeks ago, I told my readers that the head of the Islamic Revolutionary Guard Corps, Ahmad Vahidi, is running the show in Iran.

Now the mainstream media is finally starting to catch up. The following comes from Fox News…

As President Donald Trump’s deadline for Iran to decide whether to extend a two-week ceasefire between the countries approaches, attention is increasingly turning not to Iran’s president, Masoud Pezeshkian, but to a shadowy Revolutionary Guard commander with a long record of terror, repression and hardline ideology.

Ahmad Vahidi, recently elevated to the top of the Islamic Revolutionary Guard Corps, the elite paramilitary force within Iran’s military, is emerging as one of the most powerful men in Iran and, according to analysts, one of the key figures likely deciding whether Tehran resumes fighting or continues talks.

There isn’t going to be any deal unless Vahidi approves.

Unfortunately, Vahidi is “considered a radical even within the regime’s hardline elite”…

“By any standard, Vahidi is considered a radical even within the regime’s hardline elite, and his rise is a warning that Tehran’s war machine now calls the shots,” Lisa Daftari, foreign policy analyst and journalist, told Fox News Digital.

“Putting someone with such a bloody and murderous record at the top of the Revolutionary Guard Corps confirms that the regime is not moderating under pressure. On the contrary,” Daftari added, “it is doubling down on men whose careers are built on hostage‑taking, assassinations, and domestic repression. By any standard, Vahidi is considered a radical even within the regime’s hardline elite, and his rise is a warning that Tehran’s war machine now calls the shots.”

Vahidi isn’t going to give Trump what he wants.

I suppose the U.S. and Israel could try to take Vahidi out, but the upper ranks of the IRGC are filled with other extremists that are just like Vahidi.

Theoretically, Iran’s Supreme Leader Mojtaba Khamenei is supposed to have final decision making power, but it appears that he is either dead or incapacitated.

So the IRGC is in control now, and that is not likely to change any time soon.

I know that a lot of people out there are desperately hoping for a peace deal with Iran.

But it doesn’t appear that one is in the cards.

And if a deal is not made before the deadline, Trump is warning that it will mean “lots of bombs start going off”…

President Donald Trump told PBS News on Monday morning that if the ceasefire with Iran expires Tuesday, “then lots of bombs start going off.”

The statement came during a phone call with White House correspondent Liz Landers focused on the Iran war, as a U.S. delegation is preparing for more peace talks.

The Iranians have been preparing for the next phase of the war too.

They still have thousands upon thousands of missiles and drones at their disposal, and oil and gas infrastructure throughout the Middle East is extremely vulnerable.

Beyond that, I am entirely convinced that the IRGC still has quite a few other ways that they could dramatically escalate the conflict.

So let us hope that some sort of a diplomatic miracle happens, because we are rapidly approaching a point of no return.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Apparently the Trump administration was not kidding when it warned that no Iranian ships would be allowed through the blockade. Just a little while ago, Donald Trump announced that the U.S. Navy has blown an enormous hole in the side of an Iranian cargo vessel that willingly chose to ignore a warning to turn around. Just two days after the completely irrational euphoria that we witnessed on Friday, the crisis in the Strait of Hormuz is worse than ever, and there is no end in sight.

On Friday, I explained why the extremely positive headlines that we were reading in the western world were dead wrong. When the two week ceasefire with Iran was originally unveiled, the Iranians were supposed to completely open the Strait of Hormuz for that two week period. But they hesitated because fighting was still raging in Lebanon, and the Iranians believed that the fighting in Lebanon was supposed to be part of the ceasefire. When Israel and Hezbollah finally agreed to a ten day ceasefire late last week, the Iranians finally fulfilled their obligation by opening the Strait of Hormuz for the remainder of the ceasefire. But the Iranians also warned that if the U.S. did not respond by lifting the naval blockade for the rest of the ceasefire the Strait of Hormuz would be quickly closed once again, and that is precisely what happened.

Just hours after opening it, the IRGC shut down all traffic through the Strait of Hormuz and announced that any attempt to pass through would be “considered cooperation with the enemy, and the violating vessel will be targeted”…

Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly issued a sweeping warning to ships in the region on Saturday, saying any movement toward the Strait of Hormuz will be viewed as cooperation with “the enemy.”

“Following the violation of the ceasefire conditions, the American enemy did not lift the naval blockade of Iranian vessels and ports; therefore, from this afternoon, the Strait of Hormuz is closed until this blockade is lifted,” the IRGC said, according to Tehran-based WANA News Agency.

The IRGC also instructed vessels in the Persian Gulf and Gulf of Oman to remain at anchor, warning that any ship approaching the strategic waterway “will be considered cooperation with the enemy, and the violating vessel will be targeted.”

Needless to say, the Iranians were not bluffing.

On Saturday, multiple commercial vessels were fired upon…

Gunfire was reported after at least two vessels tried to pass through the waterway on Saturday – with the captain of one tanker claiming his ship was approached by two Iranian gunboats.

US security sources claimed that Iran carried out at least three attacks on ships, Axios reports.

The UK Maritime Trade Operations centre confirmed a cargo vessel was attacked by a projectile near Oman – damaging containers on board.

The captain of an Indian oil tanker that was completely convinced that he had permission to go through the Strait was desperately asking for permission to turn around once the Iranians started shooting at his ship…

In the radio transmission, the captain of the Sanmar Herald oil tanker addresses ‘Sepah navy,’ which is the name of the Islamic Revolutionary Guard Corps (IRGC) Navy.

Clearly alarmed, he continues: ‘This is Motor Vessel Sanmar Herald. You gave me clearance to go! My name is second on your list.

‘You gave me clearance to go! You a firing now. Let me turn back!’

Marine tracking data shows the Sanmar got part of the way through the Strait before sharply doubling back on itself.

If the Trump administration would have just lifted the blockade for the duration of the ceasefire, a lot of tankers could have potentially gotten through the Strait, and that would have been a huge blessing to everyone.

But instead we are back to square one, and the Iranians are mocking us…

Ebrahim Azizi, the head of the Iranian parliament’s national security and foreign policy committee, taunted Trump over the closure.

In a post on social media, he said: “We warned you, but you ignored it. Now ENJOY the Strait of Hormuz returning to the status quo.”

This is a very alarming turn of events.

A reporter for CBS News traveled to the Strait of Hormuz to see things for himself, and he encountered dozens of large commercial vessels just sitting still in the water…

We crossed from one Gulf country into another and eventually found ourselves on a coastal road that felt almost too beautiful for the tensions that lay just offshore.

On one side were jagged mountains rising straight out of the earth, completely bare of vegetation. On the other, clear blue water stretched out into the Gulf.

And then, as the road curved, we saw the ships. Not one or two, but dozens. Sitting still. Waiting.

Overall, there are more than 3,000 ships that are currently trapped in the Persian Gulf with no way out.

Of course the Iranians cannot get any ships out either now that a U.S. Navy blockade is in place.

On Sunday, one of our guided missile destroyers blew a giant hole in the side of an Iranian cargo ship named “TOUSKA”…

It took a while for that to sink in when I first came across that post by President Trump.

I could hardly believe what I had just read.

This is a major escalation.

And the U.S. is also threatening to seize Iranian vessels anywhere in the world during the days ahead…

The US military is preparing to board Iran-linked vessels and oil tankers in the coming days, a move that will expand a conflict largely confined to the Strait of Hormuz into a global crackdown.

General Dan Caine, the chairman of the Joint Chiefs of Staff, announced the escalation on Thursday, according to US officials who spoke with The Wall Street Journal.

Caine said the US ‘will actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran’.

The Trump administration is convinced that this blockade is the key to ending the war.

They believe that the Iranians will be forced to give in eventually.

On the other side, the Iranians are convinced that holding the global economy hostage will force the Trump administration to give in.

Both sides are making tragic miscalculations, and meanwhile the entire world is suffering.

It is spring planting season, and we can’t get fertilizer from the Middle East into the hands of farmers all over the northern hemisphere that desperately need it…

Beginning in the 1960s, in an effort to diversify their economies, the Gulf countries invested heavily in their fertilizer industries, leveraging their abundant natural resources. Foreign fertilizer companies began flocking to Dubai in the United Arab Emirates, drawn by low taxes, a favorable geographic location, and the city’s seamless air and sea transport hubs.

The Gulf’s investment in fertilizer paid off, as by 2026, much of the developing world was reliant on Gulf fertilizers. Three of the top ten global urea exporters, the world’s most commonly used nitrogen-based fertilizer, are located within the Persian Gulf. One-third of internationally traded fertilizers and roughly 45% of sulphur exports, a key ingredient in phosphate fertilizers, pass through the Strait of Hormuz.

Iran’s blockade has brought all of these exports to a near-halt. The timing could hardly be worse, coming during planting season for much of the world.

In addition, nations such as India that normally import large amounts of natural gas from the Middle East in order to make their own fertilizer are being forced to cut back production…

The effects go well beyond halting shipments of fertilizer produced in the Gulf, which is situated at the head of a vast global supply chain. India, itself a big fertilizer producer, has had to scale back production due to fuel shortages linked to the war. New Delhi ordered fertilizer plants to scale back production to 70% capacity to cope with the shortage.

“This is not only an energy shock. It is a systematic shock affecting agrifood systems globally,” Chief Economist of the Food and Agriculture Organization of the United Nations, Máximo Torero, warned on Thursday.

We are facing a global fertilizer crisis that is far beyond anything that we have ever seen before.

Here in the United States, this has come at a time when we are already in the midst of a historic drought…

A massive drought has emerged across large swaths of the US agricultural belt, threatening crops and livestock and eventually affecting food prices, at a time when fertilizer and diesel costs are soaring. As of early April, 60% of the Lower 48 is in drought as the Northern Hemisphere growing season begins and farmers begin plantings, according to NOAA.

The southern US is already experiencing severe, extreme, and even exceptional drought conditions, putting pressure on key crops such as sugarcane, rice, and peanuts, while fruit trees have also been damaged by extreme temperatures.

Food production is going to be way down all over the planet in 2026.

José Andrés is warning that we are headed for “a very big increase in famine across the world by the fall of 2026 and 2027″…

The celebrity chef and humanitarian José Andrés has a warning for the suits in Washington and around the world: stop looking at the oil tickers and start looking at the soil.

The World Central Kitchen (WCK) founder believes that the world is sleepwalking into a massive, multi-year famine, being slow-walked by the “silent” collapse of the global fertilizer trade as a byproduct of the war with Iran.

“I foresee a very big increase in famine across the world by the fall of 2026 and 2027,” Andrés told the Guardian on the sidelines of Semafor’s global economy conference in Washington.

He is right.

If the Strait of Hormuz does not open soon, food shortages will hit the world like a freight train in 6 to 9 months.

But unless consequences are going to hit us immediately, most people in the western world don’t seem to care.

Instead, most of us just continue to go about our lives as if nothing unusual is going on, and for the moment ignorance is bliss.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com.  He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.