<p>Iran’s de facto closure of the Strait of Hormuz has already rocked global oil markets and stock market indices, spooking everyone from politicians to central bankers. But if Iran wants to make matters worse, it can. Soumaya speaks to Edward Fishman, senior fellow at the Council on Foreign Relations and author of ‘Chokepoints: American Power in the Age of Economic Warfare,’ to find out what this conflict means for the future of economic coercion. Soumaya and Edward also discuss how geographical chokepoints differ from economic ones (like rare earths, or the dollar system), and the unintended consequences of the war.</p><br><p>Subscribe to Soumaya's show on <a href="https://podcasts.apple.com/gb/podcast/the-economics-show-with-soumaya-keynes/id1746352576" rel="noopener noreferrer" target="_blank">Apple</a>, <a href="https://open.spotify.com/show/64rPqCkSSBkuSJpkMLRe9i?si=70c1cb4221e54c9a" rel="noopener noreferrer" target="_blank">Spotify</a>, <a href="https://pca.st/6ysdzw0j" rel="noopener noreferrer" target="_blank">Pocket Casts</a> or wherever you listen.</p><br><p><strong>Further reading:</strong></p><p><a href="https://www.ft.com/content/b9f1b5ed-3bd4-4e03-9f11-a9681127befc?accessToken=zwAAAZ3GWbkGktO58bXtO9ROA9OfEaloESe-_M980tFbidNLqtO1auuA81RuagE.MEQCIEL5b2T_jFmxnfF9AmL8W5MmkchAybhEIwQMQa0-byTmAiBggJdwSH12QSBXWZYXdV1QlHjsMi0m3j5kEFWESNf7jQ&amp;segmentId=85462057-4e57-56c2-164f-e4ce1f09e15f" rel="noopener noreferrer" target="_blank">Which chokepoint wins in a game of geoeconomic Top Trumps?</a></p><p><a href="https://www.ft.com/content/7cd2d15b-89d3-4baa-b56a-eb80f3546e6a?accessToken=zwAAAZ3GWbkGktO58bXtO9ROA9OfEaloESe-_M980tFbidNLqtO1auuA81RuagE.MEQCIEL5b2T_jFmxnfF9AmL8W5MmkchAybhEIwQMQa0-byTmAiBggJdwSH12QSBXWZYXdV1QlHjsMi0m3j5kEFWESNf7jQ&amp;segmentId=85462057-4e57-56c2-164f-e4ce1f09e15f" rel="noopener noreferrer" target="_blank">How to survive an energy crunch</a></p><br><p>Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by&nbsp;Breen Turner. Sound design by Sean McGarrity The FT’s head of audio is Cheryl Brumley.</p><br><p><a href="https://www.ft.com/content/58dfd70a-d97f-4063-bdfb-c730e9fbe61d" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>