Beyond oil: How the Iran war is already hitting wallets

About this episode

The episode discusses the economic impact of the Iran war on global markets and consumers.

The economic fallout from the Iran war extends well beyond oil markets and is beginning to be felt in consumers' daily lives. With transport and production costs rising, food prices are beginning to climb globally and airline tickets are already more expensive. Analysts are anticipating that much of the inflationary impact has not hit consumers yet. For Gulf economies, the question is whether strong non-oil sectors can stand the pressure. Globally, the stakes are higher still, with leading financial voices warning that a prolonged conflict could tip the world into recession. In this episode of Business Extra, host Salim A Essaid is joined by Amro Zakaria, global financial markets strategist and founding partner of Kyoto Network and Madarik Ventures, to examine the industries under strain and the inflationary risks building beneath the surface.

People in this episode

Host: Salim A Essaid

Guest: Amro Zakaria

Topics covered

• Iran war
• economic fallout
• inflation
• oil markets
• Gulf economies

Keywords

• transport costs
• production costs
• food prices
• airline tickets
• recession risks

Mentioned in this episode

Places: Iran, Gulf

More episodes of Business Extra

• What the energy crisis reveals about how we power world · April 22, 2026 · 31 min
• Uncertainty is certain: Inside the IMF and World Bank Spring Meetings · April 15, 2026 · 23 min
• Inside Borouge: The UAE's petrochemical powerhouse · April 1, 2026 · 12 min
• CERAWeek in the shadow of war: How the conflict is reshaping the global energy conversation · March 25, 2026 · 45 min
• How the Iran war is threatening water security in the Gulf · March 18, 2026 · 16 min
• How UAE and Gulf residents can better manage their money amid Iran war turmoil · March 11, 2026 · 19 min