WTI Crude$89.33▼9.38 (-9.5%)Brent Crude$92.10▼8.20 (-8.2%)Gold$3,124▲42 (+1.4%)VIX22.4▲1.8 (+8.7%)S&P 5005,580▼45 (-0.8%)10Y Treasury4.21%BTC$84,200▼1,200 (-1.4%)Hormuz Status⚠ ELEVATED RISKWTI Crude$89.33▼9.38 (-9.5%)Brent Crude$92.10▼8.20 (-8.2%)Gold$3,124▲42 (+1.4%)VIX22.4▲1.8 (+8.7%)S&P 5005,580▼45 (-0.8%)10Y Treasury4.21%BTC$84,200▼1,200 (-1.4%)Hormuz Status⚠ ELEVATED RISK
Strait of Hormuz disruption risk elevated — Recession probability: 62%

Real-Time Recession Intelligence

GeoWire tracks how geopolitical conflict cascades into economic risk — with live data from the Federal Reserve, calibrated academic models, and interactive supply chain analysis.

Powered by Federal Reserve Economic Data (FRED) · 13 live indicators · Updated hourly
Models: NY Fed Probit · Sahm Rule · Hamilton NOPI · Credit Spreads · Philadelphia Fed Leading Index
See full methodology →

Global Supply Chain Disruption Monitor

Real-time tracking of oil, steel, aluminum, LNG, helium, and sulfur flows disrupted by the 2026 Iran conflict

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Crisis Scenarios — What Happens Next?

Each scenario shows projected impact using Hamilton (2003) elasticity coefficients

Contained Disruption

Oil Range$85–95
Shipping StressLow
Inflation Impulse+0.2% CPI
Recession Δ+1–2pp

Hormuz remains open. Insurance premiums elevated but manageable.

Partial Closure

Oil Range$110–130
Shipping StressModerate — rerouting via Cape
Inflation Impulse+0.8% CPI
Recession Δ+5–8pp

Tankers reroute around Africa. 14-day delay adds $2–4/barrel shipping cost.

Full Hormuz Closure

Oil Range$140–170
Shipping StressSevere — 21M bpd disrupted
Inflation Impulse+1.8% CPI
Recession Δ+12–18pp

Global oil shock. Japan, South Korea, India face acute supply crisis.

Diplomatic Resolution

Oil Range$75–85
Shipping StressNone
Inflation Impulse−0.3% CPI (relief rally)
Recession Δ−3–5pp

Ceasefire and de-escalation. Risk premiums unwind. Markets rally.

What Changed Today

Latest Intelligence

CriticalMar 31, 2026

Strait of Hormuz Disruption Elevates Energy Shock Risk

Naval tensions in the Persian Gulf have pushed WTI crude above $105, threatening to trigger the Hamilton oil-shock threshold that historically precedes recession within 12 months.

HighMar 28, 2026

Yield Curve Remains Inverted for 18th Consecutive Month

The 10Y-2Y spread sits at -42bps. The Estrella-Mishkin probit model assigns a 62% probability of recession within the next 12 months based on current spread levels.

HighMar 25, 2026

Sahm Rule Indicator Approaches Trigger Threshold

The 3-month moving average of unemployment has risen 0.38 percentage points above its 12-month minimum — within 0.12pp of Claudia Sahm's recession trigger at 0.50pp.

Recession Factors

NY Fed Probit
Low probability🟢
Sahm Rule
Not triggered🟢
Hamilton NOPI
Not triggered🟢
Philadelphia Fed Leading
Positive🟢
Credit Spread
Normal🟢
Composite Score
Low risk🟢
Static values — live data loading