The Whole World Is Paying For America's War

The US and Israel went to war with Iran, but the bill is landing on every country on Earth. When Iran choked off the Strait of Hormuz, one fifth of the world's oil trade nearly stopped moving, triggering what analysts call the largest energy disruption in recorded history. Oil spent most of September above $100 a barrel, diesel smashed its all-time record, and the World Bank cut its forecast for the entire global economy. In this video, we follow the money to see who's actually paying for the Iran war. We break down how global oil pricing works and why gas prices go up even in countries that don't buy a single barrel from the Persian Gulf. We look at why Asia and emerging economies like the Philippines are getting hit the hardest, how the US dollar creates a double whammy for weaker currencies, and why the fertilizer shock means higher food prices are still on the way. We also cover how the energy shock is reigniting inflation and pushing interest rates, and what that means for your mortgage. Then we ask the uncomfortable question: who's winning? From record US oil exports to China's strategic petroleum reserve to Saudi Arabia's pipeline whack-a-mole, the global ledger tells a very different story than the headlines. And for Canada, higher oil prices, the Trans Mountain pipeline, and the world's largest potash supply make it a winner on paper, while Canadian families still pay the global price at the pump. The war might end with a signature, but the price shock could take years to work its way through the economy. Subscribe to keep following where this bill lands next. Sources: CNN - Iran has lost considerable leverage in the Strait of Hormuz: https://www.cnn.com/2026/09/29/econom... Al Jazeera - Oil prices surge as US-Iran strikes intensify in Strait of Hormuz: https://www.aljazeera.com/economy/202... Al Jazeera - Oil prices climb as Iranian demands cloud outlook for Strait of Hormuz: https://www.aljazeera.com/economy/202... Al Jazeera - Oil prices jump as US and Iran trade attacks over Strait of Hormuz: https://www.aljazeera.com/economy/202... Al Jazeera - Oil surges as US strikes Iran, reversing return to pre-war prices: https://www.aljazeera.com/news/2026/7... CBS News - U.S. forces hit IRGC-linked oil tankers as oil nears $100 a barrel: https://www.cbsnews.com/live-updates/... Congressional Research Service - The Strait of Hormuz: Security Developments and Impacts on Oil, Gas, and Other Commodities: https://www.congress.gov/crs-product/... World Bank - Global Economic Prospects: https://www.worldbank.org/en/publicat... UN DESA - World Economic Situation and Prospects 2026 September Update: https://desapublications.un.org/publi... The Rio Times - Global Economy Briefing, September 8, 2026: https://www.riotimesonline.com/global... Wikipedia - 2026 Iran war fuel crisis: https://en.wikipedia.org/wiki/2026_Ir... Wikipedia - 2026 Philippine energy crisis: https://en.wikipedia.org/wiki/2026_Ph... Wikipedia - 2026-2028 world oil market chronology: https://en.wikipedia.org/wiki/2026%E2...