How the Iran war is impacting the world's economies

How the Iran war is impacting the world's economies

Author: The Irish Times March 11, 2026 Duration: 36:32

As war in the Middle East rages on, the world's superpowers are making diplomatic representations to end it, and contingencies to protect their economies from the knock-on effects, namely oil and natural gas prices.


China, which buys oil from Iran, would rather the conflict hadn’t begun and would like to see it concluded, according to Irish Times Beijing correspondent Denis Staunton. However its reliance on foreign oil is small in comparison to other nations.


On today's podcast Hugh is joined by Denis and Political Editor Pat Leahy who says European governments, including Ireland, have a much greater problem with the volatility of the energy markets.


The Irish government was one of the few incumbent European governments that was re-elected after the volatility brought on by the war in Ukraine. How will European politicians handle the Iran war challenge?



Would you like to receive daily insights into world events delivered to your inbox? Sign up for Denis Staunton's Global Briefing newsletter here: irishtimes.com/newsletters/global-briefing/


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Each week, Irish Times Inside Politics cuts through the noise to bring clarity to the forces shaping Ireland. Guided by host Hugh Linehan, the conversations here go beyond the headlines, offering a deeper, more considered understanding of the political landscape. You’ll hear from the newspaper’s own journalists, who provide grounded insight from the front lines, alongside a range of independent political thinkers and analysts. Occasionally, politicians themselves join the discussion, offering their perspective directly. The result is a nuanced and thoughtful examination of power, policy, and public life that values context over quick reactions. This isn't about partisan soundbites; it's about unpacking the how and why behind the day's debates and long-term shifts. For anyone looking to move past surface-level reporting and grasp the real stories unfolding in Leinster House and beyond, this podcast serves as an essential weekly briefing. The Irish Times brings its tradition of thorough journalism to the audio format, creating a space for analysis that is both accessible and substantive. Tune in for a consistently informed and engaging take on the issues that define the nation's future.
Author: Language: English Episodes: 100

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