Economy & Policy

Could the Iran war trigger a global economic crisis? – The Latest

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

  • Presented by Nosheen Iqbal with John Collingridge; produced by Bryony Moore and Nicola Alexandrou; senior producer Ryan Ramgobin; lead producer Zoe Hitch
  • March 4, 2026
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