In this episode of the Trade Treasury Payments podcast, Carter Hoffman, Trade and Technology Editor at TTP, speaks with Dr Guido Cozzi, Professor of Macroeconomics at the University of St. Gallen, about the potential global economic consequences of rising tensions around the Strait of Hormuz.

Their conversation examines the strategic importance of the strait as one of the world’s most critical energy chokepoints and the risks that disruption could pose to global oil and natural gas flows. The discussion also explores how instability in the region could affect energy markets, global supply chains and inflation.

As geopolitical tensions continue to reshape the global economy, the episode highlights how energy shocks can ripple through trade systems, influence financial markets and potentially reinforce the role of the US dollar during periods of uncertainty.