Zanny Minton Beddoes: Trump as Closet Socialist, Midterm Madness, & The Looming Oil Supply Shock

About this episode

John Heilemann interviews Zanny Minton Beddoes about the economic implications of the Iran war and the upcoming midterm elections.

John welcomes The Economist's editor-in-chief, Zanny Minton Beddoes, to discuss the economic fallout from the war in Iran, her magazine’s midterm election special issue, and more. Zanny outlines the scale of the coming global oil supply shock due to the two-month closure of the Strait of Hormuz; why the U.S. stock market has remained buoyant regardless; whether Kevin Warsh will be an independent Fed chair or a toady to Donald Trump; and the prospects that Trump will succeed in interfering with the midterms. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

People in this episode

Host: John Heilemann

Guest: Zanny Minton Beddoes

Topics covered

• economic fallout
• Iran war
• midterm elections
• oil supply shock
• U.S. stock market
• Federal Reserve

Keywords

• Trump
• oil supply shock
• midterm elections
• U.S. stock market
• Federal Reserve
• Iran
• Zanny Minton Beddoes

Mentioned in this episode

Organizations: The Economist

Places: Iran, U.S., Strait of Hormuz

More episodes of Impolitic with John Heilemann

• Pablo Torre: How the Knicks Saved Their Season (and Sports Itself) by Reversing the Trump Curse · June 12, 2026 · 1h 28m
• Jonathan Weber: Booms, Bubbles, Busts & Doom Loops in the City by the Bay · June 8, 2026 · 1h 25m
• Andrew Weissmann: Lies, Damned Lies & Lying Liars (Todd Blanche Edition) · June 5, 2026 · 1h 34m
• Chris Murphy: Everything Is Broken · June 1, 2026 · 1h 2m
• Jonathan Martin: Crooked Ken v. Tofu Talarico · May 29, 2026 · 1h 21m
• James Traub: When the Bough Breaks · May 26, 2026 · 1h 26m