Matthew Hoh: The US Just Ran Out of Cruise Missiles – What Happens Next?

Analysis of escalating global tensions: US-Iran standoff over Strait of Hormuz, depleted US munitions stockpiles, and political barriers preventing diplomatic breakthroughs. Ukraine conflict risks further escalation as drone warfare intensifies amid frontline stalemate. European leaders criticized for doubling down on costly confrontation with Russia despite economic strain, energy insecurity, and soaring debt. Warning of significant inflationary pressures from Middle East disruptions—oil prices and supply chain shortages expected to impact global markets by late summer. Discussion questions whether Western political elites remain detached from on-the-ground realities as the multipolar world order advances and traditional US leverage diminishes. Both conflicts highlight growing risks of miscalculation, with domestic politics in Washington and European capitals complicating paths to de-escalation. A sober look at the economic, military, and diplomatic challenges shaping an increasingly unstable international landscape.

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