Video: The macro effects of the war on the economy

Apr 9, 2026, 11:26 AM | Updated: Apr 10, 2026, 1:45 pm

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From pressure on the Strait of Hormuz to the everyday choices families are making at home, the war in Iran is creating an economic rollercoaster. Michael Kofoed, Assistant Professor of Economics at the University of Tennessee, breaks down why this stretch of sea matters, how the war is shaping today’s economy and the ripple effects that can come from conflict.

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Video: The macro effects of the war on the economy

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