The Iran War Is Already Hitting the Economy — Why the Worst Is Still Coming

The war in Iran isn't just America's problem — the rest of the world is already feeling it. Thailand's news anchors are ditching jackets on air to save energy. The Philippines moved to a four-day workweek. Japan is telling people to take shorter showers. Obama economic adviser and former UBS Americas chairman Robert Wolf returns to break down the global ripple effects of the Strait of Hormuz shutdown — from fertilizer shortages threatening grocery prices to the UK energy crisis to why Treasury rates may be the most important number no one is watching. He also weighs in on whether Trump's "two weeks" timeline is realistic, the real risk of stagflation if oil hits $150 a barrel, and why Iran is not Venezuela. #iranwar #trump #politics Tara Palmeri is one of the most feared and fearless reporters covering power and politics. She has 15 years of experience covering national politics and foreign affairs. She was formerly a White House Correspondent for ABC News where she covered the first Trump administration. She was the chief National Correspondent for POLITICO during the Biden administration. She has been a political analyst for CNBC, CBS and CNN. She started her career as a columnist for the Washington Examiner and then went on to report for the New York Post. She was a foreign correspondent for POLITICO Europe, where she covered international affairs, including Brexit. She hosted the Ringer's political podcast "Somebody's Gotta Win" and wrote a column for Puck. Tara also hosted two acclaimed podcasts on Jeffrey Epstein, "Broken: Jeffrey Epstein" and "Power: The Maxwells." Tara currently hosts the Tara Palmeri Show. 0:00 – The global energy crisis: Thailand, Philippines, Japan cutting back 0:41 – When does the U.S. feel the ripple? Trump says "just leave" 1:54 – It's not just oil — fertilizer and helium are choking off too 3:20 – How long before the U.S. hits recession? 5:50 – Treasury rates: the most powerful number in the market 6:53 – $30 trillion in debt and rising interest costs 7:35 – Trump's "two weeks" deadline: realistic or rolling fiction? 9:41 – Trump's exit strategy: declare victory and hand it to Europe and Asia 10:01 – Iran is not Venezuela — and that comparison doesn't hold water For more of her reporting, subscribe to her weekly newsletter, "The Red Letter." https://tarapalmeri.substack.com/ https://www.tarapalmeri.com/subscribe The latest from the 'Red Letter': https://www.tarapalmeri.com/p/is-it-time-to-take-the-oligarchy https://www.tarapalmeri.com/p/gen-z-guru-rachel-janfaza-on-whether https://www.tarapalmeri.com/p/is-big-gretch-cooked To support her mission of independent journalism, consider donating to her GoFundMe account: https://gofund.me/0c46f9a5 Listen to the 'Tara Palmeri Show': Apple https://apple.co/4lWeFuo iHeartRadio https://iheart.com/podcast/273622585/ Amazon Music https://music.amazon.com/podcasts/cdfe747e-54a2-47ae-9ec5-15957642e533/the-tara-palmeri-show Spotify https://open.spotify.com/show/3kgamV3lbZIGIHW2H0XUTR?si=1ffdbb566a964bc1 New videos from Tara are released 5PM EST on weekdays and Sunday https://www.youtube.com/@TaraPalmeri Follow Tara: https://www.instagram.com/tarapalmeri/ https://x.com/tarapalmeri https://www.tiktok.com/@tarapalmeri For inquiries, email: [email protected]