How Much Will the Iran Conflict Hurt the Global Economy?
Foreign Policy Live
Foreign Policy
4.1 • 622 Ratings
🗓️ 29 April 2026
⏱️ 31 minutes
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| 0:00.0 | The world is on the bring. |
| 0:03.0 | Wars, contentious elections, disinformation, spreading a warp speed, and Donald Trump at the center of all of it. |
| 0:08.0 | But what does it mean for the rest of us? |
| 0:10.0 | Every week on POTS of the World, Tommy Vitor and I cut through the noise to explain how global power is shifting. |
| 0:15.0 | No jargon, no homework, just clear honest conversations about what's happening and why it matters. |
| 0:20.0 | From breaking news to long-simmering international conflicts, |
| 0:22.7 | we dissect it all with critical analysis and some jokes that will surely embarrass our children one day. |
| 0:27.9 | Tune in to POTSate the World every Wednesday, wherever you get your podcast or catch it on YouTube. |
| 0:33.6 | Hi, I'm Ravi Agrawal, Foreign Policy's Editor-in-Chief. This is FP Live. |
| 0:42.7 | So the closure of the Strait of Hormuz is like a ticking time bomb for the global economy. |
| 0:49.4 | Regular FP listeners know why. It is a serious disruption to the flow of a fifth of the world's oil and |
| 0:55.8 | natural gas. It is hitting key inputs for low-tech goods like fertilizer and clothing, but also |
| 1:02.4 | very high-tech ones, like semiconductors. We know intuitively that the longer the standoff with Iran |
| 1:09.6 | continues, the worse it gets for the global |
| 1:12.2 | economy. Well, now there's some data to prove the point. The International Monetary Fund |
| 1:17.5 | has cut its forecast for global growth this year from 3.4% to 3.1%. But those projections came |
| 1:25.7 | out two weeks ago and were based on the conflict resolving quickly, |
| 1:29.9 | a very optimistic scenario that has, of course, not yet come to pass. |
| 1:34.8 | So here's the pessimistic scenario. |
| 1:37.9 | If the flow of crude oil and natural gas is not restored until next year, the IMF expects growth to fall to 2%, a rare |
| 1:47.8 | occurrence in recent decades. |
| 1:50.1 | Inflation would rise to 6%. |
... |
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