Luis Garicano: Key lessons from Russian sanctions applied to Hormuz shock

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Iryna Sazhynska

21.03.2026

Luis Garicano: Key lessons from Russian sanctions applied to Hormuz shock — Sanctions insights for Hormuz impact

Luis Garicano highlights an interview between Robin Brooks and Paul Krugman, emphasizing the application of insights from Russian sanctions to understanding the Hormuz shock.

Garicano points to two main conclusions from the discussion: that the price response may be limited due to a threefold quantity shock, drawing a parallel to previous events. The interview is described as outstanding in its approach to transferring sanctions knowledge to this context.

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