Economist and Echelon Wealth Partners co-founder Peter Schiff has criticized President Donald Trump's handling of the Iran war following the recent escalation in tensions between Washington and Tehran over the passage of ships through the Strait of Hormuz.
Trillions Spent, Lives Lost On Wednesday, Schiff took to the social media platform X, expressing his dissatisfaction with the situation in the Middle East.
"It seems like our goal with the Iran war is to get back to the status quo that existed before we started it, only with higher oil prices," the investor said.
Read Also: Peter Schiff Slams $100 Billion Cost, Lives Lost Over Trump's Iran War—Robert Reich Calls Strait Of Hormuz Deal 'Terrible Failure' He added that the "main difference" between the situation before February 28, when a joint U.S.-Israeli operation led to the death of Iran's former Supreme Leader Ayatollah Ali Khamenei, and the present day was that "lives will have been lost." He also pointed towards property damage caused by the war.
Schiff also said that the situation, in the long run, has led to "over a trillion dollars borrowed and spent." It seems like our goal with the Iran war is to get back to the status quo that existed before we started it, only with higher oil prices.
