The economic fallout of the Iran war

The economic fallout of the Iran war

From Swamp Notes by Financial Times

March 13, 2026 · 24 min

About this episode

The episode discusses the economic implications of the Iran war and its impact on global oil prices and US politics.

The US and Israeli war with Iran has expanded across the Gulf. Iran has effectively shuttered the Strait of Hormuz, sending the prices of oil and liquefied natural gas way up. The economic realities of the conflict could pose a problem for President Donald Trump, who was elected in part because of his promise to make life more affordable for Americans. The FT’s Myles McCormick and Sam Fleming explain what consequences the war against Iran will have for the global economy. Mentioned in this podcast:  Donald Trump’s Iran war tests US voters’ patience as petrol prices rise Which leading economies will pay the biggest price for the Iran war? Sign up for the FT’s Swamp Notes newsletter here Swamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.  The FT does not use generative AI to voice its podcasts. CREDIT: Reuters, Associated Press, CNBC, CNN Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Marc Filippino

Guests: Myles McCormick, Sam Fleming

Topics covered

  • Iran war
  • global economy
  • oil prices
  • US politics
  • energy crisis

Keywords

  • Iran
  • oil prices
  • global economy
  • Donald Trump
  • energy crisis
  • Strait of Hormuz
  • US voters

Mentioned in this episode

Organizations: Financial Times, Reuters, Associated Press, CNBC, CNN

Places: Iran, Strait of Hormuz

More episodes of Swamp Notes

Explore listener stats, chart rankings, contacts and more on the Swamp Notes podcast page.