Markets expect Trump to declare victory and pull back sooner rather than later. Photograph: Yuri Gripas/Abaca/Bloomberg via Getty ImagesWill Donald Trump’s Taco (Trump always chickens out) come to the rescue again, or has the US lit a war that won’t be easily extinguished? Trump’s war aims are a muddle, but he can almost be guaranteed to Taco at some point in the face of a persistent energy price hike while declaring victory. This is, of course, all theory and hypothesis for households and motorists facing another aggravating price squeeze. That’s considerably higher than when the Ukrainian war price surge hit in 2022.

Source: The Irish Times March 15, 2026 06:01 UTC