Friday, March 13, 2026

Challenges Facing the Global Economy

Globalization Faces Its Next Crisis
https://www.nytimes.com/2026/03/13/business/economy/iran-war-global-supply-chain.html
Beyond its effects on oil and gas, the unfolding war in the Middle East is roiling shipping and airfreight, threatening the availability of a vast range of goods. 
 
Echoes of the ’70s in What’s Now the Largest Oil Shock Ever
https://www.nytimes.com/2026/03/13/world/middleeast/oil-supply-shock-1973-embargo.html
Governments have stockpiled oil, and cars are more efficient, but the supply shock is global, and there’s no sense of when it’ll end.