🇺🇸 Every day the Iran war drags on, America’s $40 TRILLION debt gets more expensive to carry. The 10-year Treasury yield has shot up from about 4% in February to above 5%, its highest since 2007. Oil hovering near $100 is keeping inflation stubborn, and the Fed is back to HIKI

🇺🇸 Every day the Iran war drags on, America’s $40 TRILLION debt gets more expensive to carry. The 10-year Treasury yield has shot up from about 4% in February to above 5%, its highest since 2007. Oil hovering near $100 is keeping inflation stubborn, and the Fed is back to HIKING rates. With a debt that size, every bump hurts. Washington is already burning through more than $3 BILLION A DAY just on interest. That’s $963 BILLION in the first 10 months of the fiscal year, up 14% on last year, and that’s money going NOWHERE near schools, roads or soldiers. For 50 years, the petrodollar deal kept the machine running: Gulf states sold their oil in dollars and parked the cash right back in U.S. Treasuries. Now the war is choking their exports, and Saudi Arabia and the UAE dumped nearly $17 billion of U.S. debt in March alone. Fewer buyers, more debt, higher rates. It’s a vicious circle, and every turn makes the next one worse. Who’s going to foot that bill? Spoiler: it’s American taxpayers. Sources: Yahoo Finance, Fortune, Semafor / Writer: Julie