How the world has weathered the fallout from the Iran war

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Recorded24 Jul 2026

Publisherabc.net.au ↗

Handlerec:19477535

Show notes

This week, Iran-backed Houthi rebels in Yemen launched strikes on two Saudi Arabian oil tankers, immediately leading to yet another spike in oil prices.The Strait of Hormuz, which has become a choke-point for a crucial supply chain, continues to be severely disrupted. But so far, the world economy has avoided a meltdown, a global recession or even depression, despite dire predictions.Have the economic threats been overstated or is there more pain to come?

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