The Briefing Room – What’s the conflict in Iran doing to the world economy?
Impact of US-Iran War on Global Economy
Available for over a year
It’s almost two months since the United States and Israel went to war with Iran. And in spite of a ceasefire, the vital Strait of Hormuz through which 20 per cent of the world’s oil and liquefied natural gas passes on tankers is still effectively closed. The oil price remains high, affecting economies around the world. The most recent assessment from the International Monetary Fund warned that the war could throw the world economy “off course” and a prolonged conflict risked causing a global recession. David Aaronovitch asks what this means for us now and whether an end to the conflict could re-set the world’s economies or have conditions changed for good?
Guests:
- Joseph Stiglitz, American economist and recipient of the Nobel Memorial Prize in Economic Sciences and Professor at Columbia University
- Duncan Weldon, author and economist
- Diana Choyleva, economist and founder of Enodo Economics
Presenter: David Aaronovitch
Producers: Caroline Bayley, Sally Abrahams, Kirsteen Knight
Production Co-ordinator: Maria Ogundele
Sound engineer: Neil Churchill
Editor: Richard Vadon
