The energy fallout of the U.S. and Israel-Iran war is a reminder that life is often unfair.
The United States, which started the war with a surprise attack on Iran in the middle of negotiations, could escape largely unscathed in terms of its energy supply — even as its international reputation takes a hit and U.S. inflation spikes as a result of oil prices.
But U.S. allies in Asia and Europe, who were neither consulted nor warned about the U.S.-Israeli attack, are facing sustained shortages.
