How big will the Iran war price shock be?

On Point with Meghna Chakrabarti

WBUR

Talk Show, News, Npr, Daily, On Point

4.3 • 3.9K Ratings

🗓️ 12 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The gas pump is just the first place you’ll pay more because of the U.S.-Israel-Iran war. How might commodities, financial markets, fertilizer and food also be impacted?

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Transcript

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0:00.0	All right, we've got Simon on the line. Simon, young people, they're just all a bit, a bit lazy, aren't they?
0:09.0	What are you from?
0:10.0	Welcome to McDonald's.
0:11.0	Have you get the six minutes, please?
0:12.0	Some say young people are work shy, but at McDonald's, we hired 47,000 of them last year.
0:19.0	How's your night?
0:20.0	Like George here.
0:23.1	Who keeps things running during a Friday rush?
0:28.2	Resilience. Making it happen at McDonald's.
0:33.3	Support for this podcast comes from Is Business Broken? A podcast from the Marotra Institute at BU Questrum School of Business.
0:38.4	A recent episode features Federal Reserve Governor Stephen Myron, an architect of President
0:43.7	Trump's tariff policy. Stick around until the end of this podcast to preview the episode.
0:50.7	WBUR Podcasts, Boston.
0:57.6	The WBUR Podcasts, Boston. This is On Point. I'm Magna Chakrabardi.
1:01.0	Iran's new supreme leader, Ayatollah Mujah, has broken his silence.
1:06.5	He issued his first message today.
1:09.7	It was read out on Iranian state media.
1:12.6	Khomeini is not being seen or heard himself.
1:17.7	And also mentioned about how the closing Hormuz Strait should be used.
1:35.3	And reopen it if the war is stopped.
1:42.2	If the war is stopped, it is not stopped now, meaning Iran will continue blocking the Strait of Hormuz. Three more cargo ships were attacked in the strait overnight.
1:47.2	Almost all shipping through this crucial waterway has effectively been halted.
	...

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