also in supply terms of human capital and labor, that s a problem on one end. on the other end, this huge demand. there is a view that people are getting on airplanes and doing stuff and there is a little bit of yolo in all of this. everybody is out there buying things and buying stuff. that s good news in some way of the economy but creates a conundrum because what it means is higher prices. right. do you think though we hit the peak of inflation or do we have more months of high inflation rates? look, i think we are going to see high inflation. is it going to get higher than where we are right now? maybe not. when i told you of 7% or 6%, people would say they re feeling it. they re feeling it in part because wages have gone up, inflation have gone up even
after that deal was made. after the u.s. left, it started to rack up again. given the current threat from russia, this now matters more than ever. it would also be huge benefits to iran. look at what happens to its economy. after that was struck in 2015, gdp, that red, line started growing. inflation came down. but after the u.s. left, the opposite happened. the economy started to contract. the inflation all the way up there, surging nearly 40%. sanctions also prevented iran from selling its oil freely. again, after the deal was struck, production and exports both up. after the u.s. withdrew, and those sanctions are to bite, it s really fallen off. this matters for both iran and the west. oil is one of the bedrocks of the iranian economy, and it wouldn t have escaped anybody s attention that the uk are looking for new places to buy, after recently committed to not buying russia will not oil. could iran plug part of that gap? in supply terms, it s certainly