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The Economics Show — Why didn’t the Iran war cause a recession? With Tyler Goodspeed
Not scored yet32m·2026-07-03·Business

Why didn’t the Iran war cause a recession? With Tyler Goodspeed

The Economics Show

When Iran closed the Strait of Hormuz, economists were panicked. Several warned that a prolonged closure of the chokepoint could trigger a recession. After all, that’s what oil shocks do. But no recession came – even after oil prices jumped to almost twice their pre-war level. Why didn’t the global economy tumble into…

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