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ECB Triggers Recession to Survive the Hormuz Oil Shock episode artwork

EPISODE · Mar 26, 2026 · 18 MIN

ECB Triggers Recession to Survive the Hormuz Oil Shock

from War Desk

The effective closure of the Strait of Hormuz on February 28, 2026, halted 20% of global daily oil supply, sending Brent crude to $126 a barrel.ECB President Christine Lagarde then dramatically reversed course on March 25, signaling unprecedented rate hikes to combat persistent inflation, refusing to be "paralyzed by hesitation" like in 2022.Sources for this episode are available at: https://nbn.fm/war-desk/episode/ep99About War DeskWar Desk is an investigative podcast using AI-assisted analysis of military intelligence, diplomatic signals, and conflict data to assess global war risk, with sources and references published on our website for verification.Subscribe to NBN's NewsletterGet new investigations, new shows, and the raw intelligence you won't find anywhere else straight to your inbox.Sign up at nbn.fm/newsletter.

Episode metadata supplied by the publisher feed · Published Mar 26, 2026

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The effective closure of the Strait of Hormuz on February 28, 2026, halted 20% of global daily oil supply, sending Brent crude to $126 a barrel. ECB President Christine Lagarde then dramatically reversed course on March 25, signaling unprecedented rate hikes to combat persistent inflation, refusing to be "paralyzed by hesitation" like in 2022. Sources for this episode are available at: https://nbn.fm/war-desk/episode/ep99 About War Desk War Desk is an investigative podcast using AI-assisted a...

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ECB Triggers Recession to Survive the Hormuz Oil Shock

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