# Economic Roundtable: Structural Fallouts From the Iran Conflict Page: https://stenobird.com/podcast/thoughts-on-the-market-980853/economic-roundtable-structural-fallouts-from-the-iran-conflict Text version: https://stenobird.com/podcast/thoughts-on-the-market-980853/economic-roundtable-structural-fallouts-from-the-iran-conflict.md Podcast: [Thoughts on the Market](https://stenobird.com/podcast/thoughts-on-the-market-980853) Published: 2026-04-15T20:00:00+00:00 Episode link: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/b8478c06-cd35-4047-a30a-1f5aa64c527c.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Audio file: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/b8478c06-cd35-4047-a30a-1f5aa64c527c.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/thoughts-on-the-market-980853/episodes/economic-roundtable-structural-fallouts-from-the-iran-conflict Duration seconds: 742 ## Resource Our Global Chief Economist Seth Carpenter concludes the two-part discussion with chief regional economists Michael Gapen, Jens Eisenschmidt and Chetan Ahya on the second order effects of the energy shock from tensions in the Middle East. Read more  insights  from Morgan Stanley. ----- Transcript ----- Seth Carpenter:  Welcome to Thoughts in the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And once again, I am joined by Morgan Stanley's chief regional economists: Michael Gapen, Chief U.S. Economist, Chetan Ahya, the Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe Economist.  Yesterday we focused on the immediate impact of the Iran conflict, how the energy shock is feeding through into inflation, and, as a result, shaping central bank decisions across the U.S., Europe, and Asia. Today we're going to go a level deeper and talk about some structural issues in the global economy.  It's Wednesday, April 15th at 10am in New York.  Jens Eisenschmidt:  And 3pm in London.  Chetan Ahya:  And 10pm in Hong Kong.  Seth Carpenter:  So, even as we're waiting to see whether or not oil prices stabilize following a temporary ceasefire – or not – the broader effects are still working their way through the global economy. Labor markets, supply chains, and then, of course, back to the more longer-term structural themes like AI driven growth.  So, the question, I think, has to be: what does this shock mean, if anything, for the next phase of global growth? And does it reshape it? Does it change it, or do we just wait for things to go through?  Mike, let me come to you first. One risk that  we've been focusing on is whether this kind of shock really chang… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/thoughts-on-the-market-980853/episodes/economic-roundtable-structural-fallouts-from-the-iran-conflict/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/thoughts-on-the-market-980853/economic-roundtable-structural-fallouts-from-the-iran-conflict.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.