The war in Iran is already sending shockwaves far beyond the battlefield. Stock markets are sinking, Brent crude has jumped above $100 a barrel, and G7 governments are considering tapping emergency reserves to steady the markets. Missiles landing close to critical Gulf energy infrastructure have sharpened fears that what began as a regional confrontation could tip the global economy into something far more dangerous.
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The real question is whether this crisis can be contained, and if not, how vulnerable our economies really are – how fast could the world’s energy system start to break apart, and who would feel the pain first?
In today’s episode of the Fourcast, Krishnan Guru-Murthy is joined by Guy Laron, author of Oil Wars: The Struggle for Control That Has Shaped the Modern World and Bernard Haykel, Professor of Near Eastern Studies.
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