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Battered by COVID-era inflation, many Americans are understandably concerned about the impact of another war on their finances \u2013 but data suggests American bank accounts won\u2019t become casualties.\u00a0\u00a0<\/span><\/p>\n Energy affects the price of everything, and missiles are flying in a region that produces a third of global oil exports. If supply is constrained, prices will increase, but the current global supply is better positioned than in the past.\u00a0<\/span><\/p>\n Global inventories are currently around 6.5 billion barrels of oil, the highest level this decade. The world consumes only 1.57% of that total each day.\u00a0<\/span>Middle Eastern oil production is at one of its low points. During the 1970s energy crisis, the region produced about 55% of the world\u2019s oil. Today, the share is 35%.<\/span><\/p>\n In <\/span>2018<\/span><\/a>, the United States became the world\u2019s largest oil producer, dethroning Russia and Saudi Arabia thanks to the shale revolution of the late 2000s. The revolution was driven by a technological advancement that combined fracking and horizontal drilling, allowing the US to unlock oil that was previously unreachable.\u00a0<\/span><\/p>\n The Daily Wire reviewed data from a leading Wall Street bank that concluded the high inventory and increased oil production from the United States would help offset costs from elevated oil prices. In an analysis of 21 previous air strikes in the region, the bank found that there was typically an initial spike in oil prices that subsided over the following two months.\u00a0<\/span><\/p>\n So far, markets are tracking that historical pattern. This month, Brent crude and West Texas Intermediate (WTI) are up roughly <\/span>15%<\/span><\/a> in the days following Saturday\u2019s strikes. The bank concluded a sustained increase in oil prices would raise headline inflation by 0.2%, a drop in the bucket compared to what consumers experienced from 2022 to 2024.\u00a0<\/span><\/p>\n The bank also predicts that GDP growth will drop by less than a tenth of a percent for the year. Experts attribute the Fall government shutdown to a 0.06 to 0.12 percentage-point loss in GDP.\u00a0<\/span><\/p>\n Beyond oil, the bank\u2019s data also showed promising expectations for the broader market. After eight weeks, gold, the U.S. dollar, and 10-year Treasury bonds posted gains in most instances, and U.S. equities were higher in 20 of the 21 cases. Despite initial declines from the strikes, US large-cap equities are still hovering around all-time highs with earnings beating analyst expectations for the fourth quarter by 6% and high expectations for 2026.\u00a0\u00a0<\/span><\/p>\n Even JP Morgan\u2019s Jamie Dimon, Wall Street\u2019s designated worrier, is expressing calm: \u201cThe economy is not often driven by something like that unless it is prolonged.\u201d\u00a0<\/span><\/p>\n