Chain Reaction Podcast Business News: The Iran War Price Shock, Ukraine Sold Out
Diesel triples. Freight reroutes. Insurance spikes. Then your grocery bill climbs and your mortgage rate refuses to come down. That is the real story I walk through today, using the Iran war as the ignition point for a global supply chain and inflation shock that is now hitting households across the United States, the UK, and Europe. I break down how policy errors and slow coordination can turn a regional conflict into a worldwide cost surge, especially when the Strait of Hormuz stays closed…