Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, sits down with Peter St Onge, economist at the Heritage Foundation, to break down the real economic consequences of the Iran war and what it could mean for the U.S. economy, oil markets, inflation, and global financial stability.

Peter St Onge explains why the economic impact of the war may not fall where many expect and why the biggest risks may lie in oil markets, the global dollar system, and hidden vulnerabilities in the financial system.

Peter also breaks down what oil prices would need to do to truly trigger a recession and why energy shocks historically play a critical role in economic downturns.

In this episode of The Real Story with Michelle Makori:

- Whether the Iran war could push the U.S. economy toward recession

- Why oil markets are experiencing historic volatility

- Which countries could suffer the biggest economic damage

- The role of China and discounted sanctioned oil

- The risks to the dollar’s reserve currency status

- Whether private credit could become the next financial crisis

- Why some analysts warn the global financial system is structurally fragile

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Disclaimer: The views and opinions expressed in this video are those of the individual speakers and do not necessarily reflect the views of Miles Franklin Precious Metals, its affiliates, owners, anchors, producers or hosts. This content is provided for informational and educational purposes only and is not intended as financial, legal, or investment advice. Nothing said in this video should be construed as a recommendation to buy or sell any financial asset. You should always consult with a qualified financial advisor, legal professional, or tax expert before making any investment decisions. Investing involves risk, including the potential loss of principal.

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The Real Economic Impact of the Iran War | Peter St Onge & Michelle Makori

The Real Story with Michelle Makori

The Real Economic Impact of the Iran War | Peter St Onge & Michelle Makori