Trump’s Iran War Is Smashing His Fossil Fuel Dreams. Trump wanted to ensure American hegemony and global energy dominance. Instead, he might be torpedoing both. As the war drags on, more countries are souring on the idea that oil and gas are reliable and necessary ingredients for a thriving economy.

Any random crisis in the Middle East always had the potential to disrupt oil, Trump or not.

The reality of things is that Europe will go into recession, where the US will be fine.

The actual lesson is that you need to have a self sufficient energy sector. The US is self sufficient in fossil fuels. Europe has been going nowhere fast with their transition.