The Economist

Check out our advertising sponsor the Economist and get access to global coverage at an exclusive 35% discount at https://economist.com/moneymacro Recommended follow-up articles: The Iran war and the American economy: https://www.economist.com/podcasts/2026/03/20/the-iran-war-and-the-american-economy Forbidden fruit: https://www.economist.com/interactive/finance-and-economics/2025/07/31/irans-forbidden-fruit Why fertiliser prices are soaring: https://www.economist.com/the-economist-explains/2022/05/31/why-fertiliser-prices-are-soaring If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/industrial-policy-masterclass LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/blog Timestamps: 00:00 - introduction 01:10 - Why Hormuz is crucial 04:42 - Food price inflation? When? 10:00 - Conclusion Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort