[Salon] Bloomberg Dollar Spot Index

[Chas Freeman <cwfresidence@gmail.com>]

Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates. Brent crude surged through $126, with no end in sight to the conflict or choked-off energy flows through the Strait of Hormuz. Central Command has asked for hypersonic missiles to be sent to the Middle East, which would mark the first time the US army has deployed those weapons. Pentagon officials put the price tag of the war at $25 billion so far, but analysts say that’s a big understatement.