Could the Iran war trigger a global economic crisis?

What this episode covers

Global oil and gas prices have skyrocketed as war halts energy exports from the Middle East. The strait of Hormuz, a narrow passage of water that facilitates the shipping of about a fifth of the world’s oil, has been in effect closed since the regional war began, prompting fears of a global economic crisis. According to reports, traffic has dropped by about 80%, but how long until we feel the effects? Nosheen Iqbal speaks to the Guardian’s head of business, John Collingridge – watch on YouTube. Help support our independent journalism at <a href="https://www.theguardian.com/infocus">theguardian.com/infocus</a>

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Frequently Asked Questions

How long is this episode of Today in Focus?

This episode is 11 minutes long.

When was this Today in Focus episode published?

This episode was published on March 4, 2026.

What is this episode about?

Global oil and gas prices have skyrocketed as war halts energy exports from the Middle East. The strait of Hormuz, a narrow passage of water that facilitates the shipping of about a fifth of the world’s oil, has been in effect closed since the...

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