The War in Iran: Oil, Cyber Warfare, and Alliances episode artwork

EPISODE · Mar 31, 2026 · 43 MIN

The War in Iran: Oil, Cyber Warfare, and Alliances

from The Pie: An Economics Podcast · host Becker Friedman Institute at UChicago

On February 28, the US and Israel launched airstrikes against Iran. Four weeks later, the conflict shows no signs of ending. Iran has blocked the Strait of Hormuz, taking roughly 10% of global oil supply off the market. Energy prices have spiked to levels not seen since the 1970s, and Iran continues to strike US allies using drones, cyber attacks, and other tactics. In this panel recorded at the Harris School of Public Policy, three University of Chicago experts, Ryan Kellogg on energy markets, Paul Poast on military alliances, and Jake Braun on cyber policy, discuss why the US struck now, why European allies have been reluctant to join, and why there's no clear exit from the conflict. For more on the event: https://harris.uchicago.edu/news-events/news/operation-epic-fury-and-problem-undefined-war

On February 28, the US and Israel launched airstrikes against Iran. Four weeks later, the conflict shows no signs of ending. Iran has blocked the Strait of Hormuz, taking roughly 10% of global oil supply off the market. Energy prices have spiked to levels not seen since the 1970s, and Iran continues to strike US allies using drones, cyber attacks, and other tactics. In this panel recorded at the Harris School of Public Policy, three University of Chicago experts, Ryan Kellogg on energy markets, Paul Poast on military alliances, and Jake Braun on cyber policy, discuss why the US struck now, why European allies have been reluctant to join, and why there's no clear exit from the conflict. For more on the event: https://harris.uchicago.edu/news-events/news/operation-epic-fury-and-problem-undefined-war

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The War in Iran: Oil, Cyber Warfare, and Alliances

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This episode was published on March 31, 2026.

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On February 28, the US and Israel launched airstrikes against Iran. Four weeks later, the conflict shows no signs of ending. Iran has blocked the Strait of Hormuz, taking roughly 10% of global oil supply off the market. Energy prices have spiked to...

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