Trending Globally: Politics and Policy

The war in Iran’s ripple effect on the global energy economy

May 28, 2026·38 min
Episode Description from the Publisher

The war in Iran is entering its third month, and according to the War in Iran Energy Cost Tracker — a new project from the Watson School's Climate Solutions Lab — the war has already cost Americans over 40 billion extra dollars in gas and diesel. But as Jeff Colgan, professor of political science at the Watson School and director of Watson’s Climate Solutions Lab, explains, when it comes to the effects of this war, the rising price of fuel is just the tip of the iceberg.On this episode, Watson School dean and economist John Friedman talks with Jeff about its effects on everything from individual consumer finances to national security, geopolitics, and the future of climate change.Check out the Climate Solutions Lab’s Iran War Energy Cost TrackerTranscript coming soon to our website

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