Higher energy costs from Iran war could threaten fragile economics of AI boom | Heather Stewart
Industry with business model not yet firmly established and investments financed by huge debts is particularly at risk
Donald Trump’s most immediate concern in demanding Iran reopen the strait of Hormuz may be rocketing US gasoline prices, but if the conflict drags on, higher energy costs will be felt far beyond the pumps.
Systemically higher power prices and fractured supply chains will squeeze industries and consumers worldwide.
For the US, one consequence might be to threaten the fragile economics of the AI boom.
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