Ep. 128: The Economics of the Iran Conflict

Murphy explains the economics of the interruption of oil exports from the Persian Gulf. He shows that the recent peak in crude prices was nowhere near the (inflation-adjusted) 2008 spike, and offers further commentary on the position of China.

Related: - https://www.youtube.com/watch?v=aeOaei2ADDA - https://journal.apee.org/ARTICLES_2018_Journal_of_Private_Enterprise_Vol_33_No_1_Spring_parte5 - https://www.energypolicy.columbia.edu/implications-of-the-conflict-in-the-middle-east-for-chinas-energy-security

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