Is the Global Economy Ready for Another Forever War?

Lord Jim O’Neill, Raghu Rajan, and Leslie Vinjamuri discuss the mounting and multiplying global economic effects of the Iran war.
Wall Street
Apr
21
Seth Wenig / AP
Speakers
Jim O'Neill
Raghuram Rajan
Leslie Vinjamuri
Date and Time
Doors Open: 10:30 am
Location
Via YouTube
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About This Event

As the Iran conflict enters its second month, there has been a triple shock on the global market, resulting in rising energy prices, paralysis of 20% of the world’s natural gas supply, and disruption of the global fertilizer trade. What are the political stakes of Operation Epic Fury as American consumers face a 0.5% hit to GDP and persistent inflationary pressure? What are the secondary crises of the current Hormuz blockade? How is this impacting the global supply chain and what shortages is the average consumer facing in the near and far future? Join former Goldman Sachs Chief Economist Lord Jim O'Neill, former Reserve Bank of India Governor Raghu Rajan, and Council President and CEO Leslie Vinjamuri as they answer these questions and discuss the broader economic consequences of the Iran conflict.

About the Speakers
Distinguished Nonresident Fellow, Global Economy
Lord Jim O'Neill headshot
Lord Jim O'Neill, who joined the Council as a distinguished nonresident fellow in 2025, is an economist and former commercial secretary to the UK Treasury. He also served as the chairman of Goldman Sachs Asset Management and is the creator of the BRIC acronym (Brazil, Russia, India, China), which was coined in November 2001.
Lord Jim O'Neill headshot
Professor of Finance, University of Chicago Booth School of Business
Photo of Raghuram Rajan
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He served as the 23rd Governor of the Reserve Bank of India from September 2013 to September 2016 and was the Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006.
Photo of Raghuram Rajan
President & Chief Executive Officer, Chicago Council on Global Affairs
Leslie Vinjamuri headshot
Dr. Leslie Vinjamuri joined the Council in 2025 as the president and chief executive officer, after previously serving as director of the US and the Americas program at the Royal Institute of International Affairs, known as Chatham House, in London. She is Professor of Practice in International Studies and Diplomacy at SOAS University of London.
Leslie Vinjamuri headshot

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