The most important economic question about Iran is one Trump can’t answer | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. The question on everyone’s mind this week seems to be some variation of “When will the Iran war be over?” Americans don’t see the point, and their anger is only growing as the death toll rises and the economic damage deepens. It’s a fair question, especially as the White House and Pentagon have been wholly unable to articulate their endgame. But the question that matters more to everyday Americans is a narrower one, and one the White House has even less control over: When will the Strait of Hormuz reopen? The waterway between Iran and Oman has been effectively closed for 19 days, choking off 20% of the world’s oil supply and helping push gas prices in America up 86 cents — a 29% jump, one of the sharpest spikes on record. The only way to get oil prices in check is to get hundreds of idled tankers moving through the strait again. That’s something most American allies have so far refused to help with. Can your wallet withstand rising gas prices? Let us know And President Donald Trump’s comments on the strait suggest he might not fully grasp how gl