A renewed US war on Iran looks certain within days, which is bad for oil supplies, Gulf states, and American households facing rising prices.

• The Strait of Hormuz has been closed for 79 days and world oil stockpiles are running out, with only weeks of supply left.
• Trump is demanding full Iranian surrender and a new US attack is expected any time, likely with more force than before.
• Iran may now have new weapons from Russia and China, so the next round could be worse for both sides.
• The UAE is expected to be hit hard, with energy and water infrastructure destroyed and much of Dubai flattened.
• Next month brings real pain at home: higher gas prices, fertilizer shortages, and famine risk in some countries, which could turn Americans against the government.

Outlook: A bigger war is coming soon, and Americans should brace for sharp price rises and shortages later this year.