Ep 174. Could Trump’s Iran War tank the global economy?

Mar 17, 2026

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The Iran war rages on, oil prices continues to surge, and inflation spikes. When will we be in a global recession? Do we see stagflation coming back? Can military action open and secure the Strait of Hormuz? Or is that also a Chimera? Are the Disorderers doing this all on purpose do they benefit from all this Disorder?

This week, Jason Pack and Mark Lobel discuss the big picture economic problems of the Iran war, including: America’s doomed insurance and military proposals to get oil moving through the Strait of Hormuz again, the collosal impact of continued closure on the global economy; the situation on America’s and Britain’s relationships with their Gulf allies; what rising oil prices and swelling Russian coffers means for Russia’s war on Ukraine; why China could be a surprise Orderer in this (if they chose to play the part); Starmer’s triangulating response to this crisis; and – as they Order the Disorder – the role Britain and Europe could play in mediating this conflict.

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Producer: George McDonagh

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Show Notes Links:

Listen: OIES Podcast – The US-Israeli War with Iran: Continuing Impacts on Oil Markets

https://open.spotify.com/episode/2kLZsWi4x8d6LU7d1le91J?si=0tVfxYmdRRS7QYx7GhZNbQ&ct=1&t=1

Nations Respond With Caution to Trump’s Call to Send Warships to Strait of Hormuz: https://www.nytimes.com/2026/03/15/world/middleeast/trump-strait-of-hormuz-iran-warships.html

Is Trump having another Taj Mahal moment on our YouTube channel:

https://www.youtube.com/shorts/V6HTwiNG_Ck

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