Even if the Straight of Hormuz opened tomorrow, economic policy expert Henrietta Treyz says it’ll take “at least 200 days” to clear the shipping backlog. “Getting prices back down to the range that we had become accustomed to is going to be a months- if not years-long endeavour,” she says. In conversation with The West Block host Ben Mulroney, Treyz also explains what the $200-million ask from the Pentagon for the war in Iran likely signals.
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