In a recent Bloomberg appearance, BWC Member Alexis Crow describes the current conflict involving the United States and Iran as “the largest shock to the global energy system since 1979”, skyrocketing oil prices and unsettling markets. She noted that disruptions around key shipping routes are straining global supply chains, with ripple effects from energy to fertilizer and everyday costs in the United States. Crow’s analysis highlights how geopolitical tensions can quickly spread beyond regional borders and impact the broader world economy.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.