March 10, 2026

The Economic Crisis of the Iran War Goes Far Beyond Oil

The Strait of Hormuz is the tiny bottleneck that could destabilize the global economy. As a critical passageway for crude oil, natural gas, and critical inputs for fertilizer, computer chips, and plastic, this small stretch of water is a tiny chokepoint for global trade, and the war in Iran has all but shut it down. What does this mean for the U.S. economy and other countries around the world? Geopolitical analyst and CNAS adjunct senior fellow Rachel Ziemba joins the show to discuss.

Listen to the full interview on The Ringer.

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