Mazzucato on the Iran war’s economic shock: Who pays the price?
Al Jazeera·2h ago·Neutral
What Happened
The Iran war triggered the world's largest oil supply disruption, causing energy prices to surge and stock markets to decline. While millions face higher fuel bills, oil and gas companies reportedly earn approximately $30 million hourly. Economist Mariana Mazzucato discusses green industrial strategy and the 'common good economy' approach for governments navigating economic crises.
Key Entities
Iran waroil supply disruptionMariana Mazzucatooil and gas companiesWorld Bankgreen industrial strategycommon good economy