On the Iran War’s Global Economic Effects

On this episode, panelists provide an update on the geoeconomic consequences of the Iran war and the crisis in the Strait of Hormuz, including disruptions to oil, gas, and other commodity markets, and the longer-term implications for the petrodollar system and the energy transition. Host: Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomics, Council on Foreign Relations Speakers: Daniel H. Yergin, Vice Chairman, S&P Global; CFR Member Helima Croft, Managing Director and Global Head of Commodity Strategy, RBC Capital Markets; CFR Member Mallika Sachdeva, Managing Director, Head of FX Thematics, Deutsche Bank Research Want more comprehensive analysis of global news and events sent straight to your inbox?

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On the Iran War’s Global Economic Effects is an episode from CFR On the Record by Council on Foreign Relations.

This episode is 58:37 long.

This episode was published on Jun 5, 2026.

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