In this episode of Slate's What Next, we examine the economic costs of the conflict with Iran and why the true price of war extends far beyond the immediate impact on oil prices. From higher energy costs to the effects of rising geopolitical risk on economic growth, we explore how economists measure the consequences of uncertainty — and why those costs are felt most by the world’s most vulnerable households. The conversation also looks at the broader economic implications of weakened institutions and why competition, not just business success, is the foundation of long-term prosperity.