S8 Ep636: 1. The Economic Impact of the Strait of Hormuz Closure Guest: Elizabeth Peak Elizabeth Peak discusses the Strait of Hormuz closure, which has trapped 3,400 ships and disrupted global energy and food supplies. Federal Reserve Chairman Jerome Powell remains
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 25 March 2026
⏱️ 13 minutes
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Summary
1. The Economic Impact of the Strait of Hormuz Closure Guest: Elizabeth Peak Elizabeth Peak discusses the Strait of Hormuz closure, which has trapped 3,400 ships and disrupted global energy and food supplies. Federal ReserveChairman Jerome Powell remains skeptical of 1970s-style stagflationdespite rising oil prices. Peak argues that international naval action or a total blockade could resolve the Iranian-led maritime crisis. (1)
1519 INDIAN OCEAN BASIN
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| 0:00.0 | I'm John Batchel. I welcome Elizabeth Peek, a column at the Hill, a column is at Fox News, much on Fox |
| 0:21.7 | Business to comment on Jerome Powell, the chairman of the Federal Reserve making remarks these last |
| 0:27.5 | days to deal with the emergency worldwide now. The straight-of-hormuz remains closed. |
| 0:34.3 | 3,400 ships of all types trapped in the Gulf as of last weekend, maybe more now. |
| 0:40.2 | They not only do not get fresh water and fresh food on board those ships, they can't leave |
| 0:44.2 | them. |
| 0:45.0 | On those ships is the supply chain necessary not only in energy, but also in food security, |
| 0:53.3 | in high-end production of microchips. Everything is jammed up. |
| 0:57.9 | And worldwide, the containers in there are due somewhere else. So that is shin bone, knee bone, |
| 1:04.6 | every bone connected to the Strait of Hormuz. It remains shut. The questions come immediately |
| 1:10.5 | to what does this mean for the United States. |
| 1:12.6 | Don't we have enough energy? |
| 1:14.1 | Don't we have enough of everything? |
| 1:16.1 | And therefore, remarks by the chairman of the Federal Reserve are critical here. |
| 1:20.5 | Bloomberg reporting, |
| 1:22.1 | Powell doesn't see U.S. facing 1970s style stagnation. |
| 1:27.3 | Powell notes that the data center buildout is, if anything, pushing inflation up right now. |
| 1:32.5 | These two remarks, using the word inflation, get my attention because that is the market |
| 1:38.1 | event that hasn't happened yet, but it can. |
| 1:42.3 | We're looking for a year in which there were one or two cuts of the Federal |
| 1:46.4 | Reserve best rates ahead. Now, maybe just one cut, maybe none at all, because of this word |
| 1:52.5 | stagflation. Liz, a very good evening to you. As I recall our last conversation, we dealt |
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