The Iran War's Devastating Butterfly Effect
6/10/202627 min
The war in Iran has had some visible consequences, like skyrocketing energy costs and higher gas prices, but the effects of this war are often far less obvious and much more serious for the world’s most vulnerable people.
Today, Peter S. Goodman tells us what he learned on a recent trip to Somalia, and why the system of global aid is no longer in a position to help.
Guest: Peter S. Goodman covers the global economy for The New York Times.
Background reading: Catastrophe is emerging in the world’s most vulnerable places as the war in Iran causes soaring costs for food, fuel and fertilizer.
Photo: Finbarr O'Reilly for The New York Times
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Clips
Transcript preview
First 90 secondsJoel0:00
This podcast is supported by Wells Fargo. With Wells Fargo's mobile app and over four thousand branches, they serve nearly sixty million customers from the smallest towns to the biggest cities. They meet customers wherever they are. Wells Fargo, the Bank of Doing. Learn more at wellsfargo.com/impact.
Rachel Abrams· Host0:19
[upbeat music] From The New York Times, I'm Rachel Abrams, and this is The Daily. The war in Iran has had some visible consequences like skyrocketing energy costs and higher gas prices. But the effects of this war are often far less obvious and much more serious for the world's most vulnerable people. Today, my colleague Peter Goodman tells us about what he learned on a recent trip to Somalia and why the system of global aid is no longer in a position to help. It's Wednesday, June 10th. Peter Goodman, welcome back to The Daily.
Peter Goodman· Guest1:17
Thanks for having me.
Rachel Abrams· Host1:18
So Peter, we're now one hundred and one days into the war with Iran, and we have talked a lot on this show about its effect on gas prices. But you cover global supply chains, which means that you've gone all over the world,