The Julia La Roche Show · Saturday, June 27, 2026
Chris Whalen connects current inflation to instability in the energy sector, citing geopolitical tensions involving Iran and the Strait of Hormuz. He states that reduced global production capacity for key industrial inputs like lubricants and sulfuric acid is a significant factor preventing lower inflation until these issues are addressed.
“As you know, we predicted double digit inflation this year and in the energy sector, nothing has changed.”
“You may have noticed that the Iranians are still playing games with the strait of Hormuz. They're not letting ships leave the way they used to. They basically want to control the flow.”
“We're down about two-thirds of global production capacity for lubricants, sulfuric acid and a number of other key industrial inputs. So I don't see how we get lower inflation until we address this.”