The David Pakman Show Global financial panic unleashed by Trump’s Iran war
11 snips
Mar 9, 2026 
Maura Healey, Governor of Massachusetts and former state attorney general known for progressive policies, discusses state limits on ICE and protecting hospitals. She also talks about Massachusetts’ energy, housing, and healthcare initiatives. The conversation touches on the economic shock and market turmoil tied to escalating conflict with Iran.
AI Snips
Chapters
Transcript
Episode notes
Trump Action Triggered A Global Market And Oil Shock
- Donald Trump’s strike on Iran triggered a cascading global crisis across markets, oil supply, shipping through the Strait of Hormuz, and U.S. GDP expectations.
- David Pakman cites Brent crude jumping ~27% in one day, shipping down 80–90% through Hormuz, and the Atlanta Fed trimming Q1 GDP by about a full point in days.
Killing The Ayatollah Didn’t Bring Regime Change
- The U.S. objective of 'regime change' appears to have backfired as Iran named the Ayatollah's son the new supreme leader, undermining claims of toppled leadership.
- Pakman argues killing the Ayatollah did not produce regime collapse and may have strengthened hardline succession, prolonging conflict.
Strait Of Hormuz Disruption Sent Gas Prices Skyrocketing
- Oil supply disruption through the Strait of Hormuz and producer cuts pushed gas from about $2.94 to $3.50 per gallon, a ~20% rise in a week.
- Pakman warns higher oil raises transport costs across the economy, feeding inflation and limiting Fed rate flexibility.