Just when you thought inflation, housing prices, and your grocery bill were already doing a fine job wrecking your budget, geopolitics has entered the chat with a flamethrower. Iran is warning that if the current conflict escalates, the global economy might get the financial equivalent of a flat tire on the highway — except the tire is made of oil barrels and it costs $200 to replace. With the Strait of Hormuz turning into the world’s most expensive traffic jam, energy markets are panicking, politicians are posturing, and drivers everywhere are bracing for gas pumps that might soon require emotional support.

Iran Says It’s Ready to Destroy the Global Economy