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Middle East Conflict Threatens Global Oil Prices, Inflation

3/3/2026

50 8 Full Breakdown

Summary

Story summary

Experts warn that a prolonged Middle East conflict could raise global oil prices and inflation.
Dr. Geoffrey Miller, a geopolitical analyst, notes that the Strait of Hormuz handles about 20 million barrels of oil daily.
Disruptions in this corridor would affect oil-producing nations and New Zealand, which would face price increases.
The podcast discusses these risks and implications for energy sources and supply chains.

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Story summary

Experts warn that a prolonged Middle East conflict could raise global oil prices and inflation.
Dr. Geoffrey Miller, a geopolitical analyst, notes that the Strait of Hormuz handles about 20 million barrels of oil daily.
Disruptions in this corridor would affect oil-producing nations and New Zealand, which would face price increases.
The podcast discusses these risks and implications for energy sources and supply chains.