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Sept. 2, 2026, 4:17 p.m.

Prolonged Iran war impacts global economy

SUMMARY

To discuss the latest flare-up in the war with Iran and the impact on the global economy, Geoff Bennett spoke with Cliff Kupchan. He's chairman emeritus at the consulting company Eurasia Group and senior fellow at the think tank Center for the National Interest.

View the transcript of the story.

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WARM-UP QUESTIONS

  1. What are some of the ways the war with Iran is impacting the global economy, according to Cliff Kupchan?
  2. Why has the impact on oil prices been less severe than some economists predicted?
  3. How have China and the U.S. attempted to keep oil prices down?
  4. Where would additional imposed tariffs and other sanctions affect the U.S. economy?
  5. When will the U.S. provide economic relief to Russia, according to Kupchan?

ESSENTIAL QUESTIONS

  • What actions do you think the U.S. government could take to ease the impact of tariffs and war on the U.S. economy?
  • What do you think are the most significant non-economic impacts of the war in Iran?

Media literacy: Why do you think the following infographic was included with this segment?

WHAT STUDENTS CAN DO

The current U.S. conflict with Iran is a direct result of a long troubled relationship between the two countries. As a class, read this explainer. Then discuss —

  • Knowing a little about the history of the relationship between the U.S. and Iran, what do you think it would take to more permanently settle hostilities?
  • What role do you think other countries besides the U.S. or Iran could serve in pushing for a peaceful outcome?

President Harry S. Truman greets Prime Minister Mohammad Mosaddegh of Iran as the latter arrives at Blair House, temporary Presidential residence in Washington D.C., Oct. 23, 1951.

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