Iran’s blockade of the Strait of Hormuz has already pushed up oil prices. But is a bigger global economic disruption yet to come? And how long will it last?
The Telegraph’s World Economy Editor Ambrose Evans-Pritchard joins Roland Oliphant to explain why the Iran conflict is sending shock waves around the world - and not just in the oil market.
From fertiliser to helium to sulphur, the block on shipping through the Strait carries other key commodities used by the tech industry, hospitals and farmers. Ambrose explains how the war will almost certainly cause a global food shock in 2027.
They also discuss how Russia and China are benefitting from the Iran war and why the Houthis in Yemen remain the dog that hasn’t barked - but could make things even worse than they are now.
Plus, Roland Oliphant and senior foreign correspondent Sohia Yan analyse the latest news from the Iran war, including Donald Trump’s ongoing attempts at peace talks with Tehran, the US Navy’s first ever use of unmanned surface boats and why AP is now calling Israel’s attack on Lebanon an invasion.
CONTRIBUTORS:
Roland Oliphant, co-host and chief foreign affairs analyst @RolandOliphant
Sophia Yan, senior foreign correspondent @sophia_yan
Ambrose Evans-Pritchard, world economy editor
CONTENT REFERENCED:
Roland Oliphant: Trump needs troops to seize the Strait of Hormuz. These are his options
Ambrose Evans-Pritchard: China has already won the Gulf War
Ambrose Evans-Pritchard: The longer Trump’s war drags on, the worse the coming global food crisis
Producer: Peter Shevlin
Executive Producer: Louisa Wells
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