The Reason Roundtable Will the War in Iran Crash the Global Economy?
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Mar 9, 2026 They dig into how the widening conflict with Iran is rattling global energy markets and spiking oil prices. The conversation explores choke points like the Strait of Hormuz and the risk of regional or great power escalation. They also cover a high-profile DHS removal, polling on AI and social trust, and a frank listener Q about drug use in libertarian circles.
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War Drives Energy Prices And Broad Inflation
- War with Iran predictably raises oil and consumer prices, because energy is foundational to all goods and services.
- Matt Welch notes oil jumped from about $65 to over $100 a barrel within weeks after military action, driving inflation across travel and goods.
War Planners Understate How Wars Go Pear Shaped
- Planners selling war often understate complications and negative second-order effects to get approval.
- Welch warns those pushing an administration to strike may omit risks like longer duration, deeper entanglement, and economic fallout.
Choke Points Multiply Economic Damage
- Choke points like the Strait of Hormuz amplify economic damage from conflict beyond oil to fertilizer and other goods.
- Katherine Mangu-Ward highlights 85–90% disruption of tanker traffic and danger from drones, worsening trade and supply chains.
