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Geography Is Back With a Vengeance in Global Economics

Original: Geography Is Back With a Vengeance https://www.nytimes.com/2026/10/05/business/economy/iran-war-oil-geography.html # Bus

The New York Times argues that geography has returned as a decisive force in the world economy, pointing to the war involving Iran and its impact on oil markets as a prime example. The piece contends that distance, borders and strategic locations once again shape trade, energy prices and global politics, reversing assumptions that globalization had made geography irrelevant.

Why now: Ongoing conflict around Iran and its effects on oil prices have renewed debate about how geography drives the global economy.

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