On the Record
On the Record
Council on Foreign Relations
On the Iran War’s Global Economic Effects
58 minutes Posted Jun 5, 2026 at 11:00 am.
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Show notes
On this episode, panelists provide an update on the geoeconomic consequences of the Iran war and the crisis in the Strait of Hormuz, including disruptions to oil, gas, and other commodity markets, and the longer-term implications for the petrodollar system and the energy transition.
 
Host: Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomics, Council on Foreign Relations
 
Speakers: Daniel H. Yergin, Vice Chairman, S&P Global; CFR Member
 
Helima Croft, Managing Director and Global Head of Commodity Strategy, RBC Capital Markets; CFR Member
 
Mallika Sachdeva, Managing Director, Head of FX Thematics, Deutsche Bank Research
 
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