Duncan Weldon
Economist and author who discusses macroeconomic effects of energy price shocks and implications for inflation and output.
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Mar 12, 2026 • 29min
Why does the war with Iran threaten the global economy?
Rosemary Kelanic, director of a Middle East program offering geopolitical context. Bill Farren-Price, gas and oil supply expert from Oxford. Duncan Weldon, economist on macro effects of energy shocks. Ben Chu, analyst on the Strait of Hormuz and energy flows. They discuss why the Strait of Hormuz matters, risks to shipping and infrastructure, how oil and gas disruptions ripple through markets, and what duration of conflict means for the global economy.
