When global supply chains collapse, the pain is not felt immediately. Tankers that left their destinations before the war with Iran began are still arriving at their destinations, products that were manufactured prior to the war still fill our shelves, and we are still eating food that was produced last year. So even though global supply chains are collapsing all around us, most people don't feel it yet. But if this war with Iran drags on for months, the pain that we will soon experience will be unbelievable.

Anyone that thinks that the global economy can continue to function at or near current levels without sufficient supplies of oil, natural gas, plastic and fertilizer is just being delusional.

The only way that we can avoid "the everything meltdown" is if this war ends quickly.

Even if the Strait of Hormuz is reopened tomorrow, we will not see a return to pre-war conditions any time soon because damage that has been done to energy infrastructure in the Middle East will take years to fully rebuild.

With each passing day, the damage is getting even worse. For example, the biggest natural gas processing facility in the United Arab Emirates was just shut down following an Iranian attack…

Abu Dhabi's Habshan gas facility, the UAE's largest natural gas processing site, was shut down after debris from an intercepted Iranian missile caused a fire. The plant processes and distributes gas from the emirate's fields for domestic use, making it a critical component of the country's energy infrastructure. The attack comes amid a series of Iranian strikes on Gulf energy assets, including oil refineries and desalination plants in Kuwait, underscoring the vulnerability of regional infrastructure.

And just hours ago, the Iranians caused substantial damage at the Shuwaikh Oil Sector Complex in Kuwait…

An Iranian drone attack caused a fire at the Shuwaikh Oil Sector Complex, Kuwaiti authorities confirmed on Sunday morning.

The attack caused no casualties, the official Kuwait News Agency (KUNA) reported.

The facility hosts both the Kuwait Petroleum Corporation and the Oil Ministry's headquarters, KUNA noted.