How Iran conflict impacts global energy markets

Professor Tim Harcourt explores Trump’s influence on global energy markets and oil prices.

Rising tensions with Iran are sending shockwaves through global markets, with Wall Street warning that the escalating conflict could trigger a prolonged energy crisis.

Oil prices have surged as investors react to military developments and growing instability in one of the world’s most critical energy regions. A key concern is the Strait of Hormuz, a vital shipping corridor through which a large portion of the world’s oil and gas supply passes. Any disruption to this narrow waterway could rapidly tighten global supply and drive energy prices sharply higher.

Economists are also watching the broader economic fallout, with higher oil prices potentially fuelling inflation, slowing growth and complicating the global transition away from fossil fuels.

ProfessorTim Harcourt from UTS joins Ticker to break down the geopolitical and economic implications.

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