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just in the race. You're built to win it. This Marketplace podcast is supported by Fay Grie

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No end insights for the economic consequences of the war.

From Marketplace, I'm Sabrinari Benishore in New York.

The U.S. is threatening a blockade of Iranian ports

and to stop any ship that has paid a toll to Iran,

which was the main method of getting through the strait up till now.

This blockade would start minutes from now at 10 a.m. Eastern.

Iran has said it would respond if that

blockade happens, threatening ports in Gulf states and the flow of oil. Oil prices are up about

7 percent. Julia Cornado is president of macro policy perspectives and a professor at UT Austin.

The critical issue is that yes, now it's a broader blockade, and that means the oil supply is

even more restricted than it was before. So not only is the Strait of Hormuz closed, but Iran has no other,

if it's effective, no other option to get oil out. So even less oil for the global market.

Meanwhile, Iran has threatened that no port in the Persian Gulf is safe if its ports aren't,

and it could use its proxies in Yemen to close the Bob El Mandeb straight over on the other side

...