The most dramatic result of the US-Israeli war on Iran will be its impact on the world economy. Even if the war were to end tomorrow—which is exceedingly unlikely—the economic fallout will last months, if not years.

According to Fatih Birol, head of the International Energy Agency, it will take two years for Gulf oil production to return to pre-war levels. Meanwhile, Philip Mshelbila of the Gas Exporting Countries Forum estimates it will take six months to a year for the natural gas market to recover.

In addition to the knock-on effect high energy prices have on the cost of other consumer goods, the war has disrupted production of petrochemicals, plastics, helium, aluminum, fertilizer, and more.

Rising fuel and fertilizer prices are wreaking havoc on the Northern Hemisphere’s spring planting season. In the US, farmers have planted 3.5 million fewer acres of corn than last year and less wheat than in any year since USDA records began in 1919.

In Asia and Africa, agriculture has been hit even harder. Ethiopia, for example, relied on the Gulf for 90% of its nitrogen fertilizer. In Bangladesh, where fuel shortages have already sparked deadly riots, four out of five fertilizer plants have been shut down.

A study by Oxford Economics predicts that if the Strait of Hormuz remains closed through the summer, worldwide inflation will hit 7.7% by the end of the year. On top of this, the world economy will be thrown into a slump, unlike earlier this decade, when the economy kept growing through a period of high inflation. They also warn, “The scenario is already severe, but the shock could prove more damaging still.”

In short, prices will rise as the economy shrinks—a pincer movement attacking working-class living standards from two directions at once. It will put capitalist governments in a bind. Should they lower interest rates to try to stimulate economic production, which would only send inflation higher? Or raise them in an attempt to tame inflation, which would slow the economy even more?

This is dry tinder awaiting a spark to ignite a firestorm of class struggle. The rise of Trump was a distorted manifestation of class anger. This anger will now have to find a new outlet.