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Krugman: Trump's Ego Deepens Iran War, Threatens Reelection

5/1/2026

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Summary

Story summary

Nobel economist Paul Krugman says President Donald Trump's fragile ego is driving the United States deeper into an Iran war.
He notes United States and Iran maintain a blockade that keeps the Strait of Hormuz closed.
Krugman says reopening requires both sides to stand down without a formal agreement.
He warns growing American anger over the war’s economic damage could cause an electoral loss for President Donald Trump in November.

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Story summary

Nobel economist Paul Krugman says President Donald Trump's fragile ego is driving the United States deeper into an Iran war.
He notes United States and Iran maintain a blockade that keeps the Strait of Hormuz closed.
Krugman says reopening requires both sides to stand down without a formal agreement.
He warns growing American anger over the war’s economic damage could cause an electoral loss for President Donald Trump in November.