Why the economics makes this the craziest world cup ever

An important development from the financial markets: Why the economics makes this the craziest world cup ever8 minutes ago Share Save Add as preferred on GoogleFaisal IslamEconomics editorBBCFootball World Cups are rarely completely politics-free but never has the beautiful game navigated a geopolitical high-wire act of this kind. The main host is at war with a participant, whose team must commute in on match days from another country. Add to that the quite astonishing coincidence of the US, Canada and Mexico, the three co-hosts of the 2026 World Cup, being in the midst of an epic trade war.

Indeed, in the period in between the opening ceremony at the Estadio Azteca, and the final in New Jersey's MetLife Stadium, the three will be renegotiating the USMCA, the North American free trade area. Donald Trump is extremely focused on the tournament, its sponsors and the impact from his return to the White House last year. The US president has even joked that his loss to Joe Biden in the 2020 election had the great benefit of allowing him to return for this World Cup, and the Los Angeles Olympics in 2028.

Economic Details

After renewed hostilities between Tehran and Tel Aviv, Trump was rather direct in calling for an end to attacks. And as the minutes ticked down towards the tournament's kick off on Thursday night, he appeared to call off new air strikes and seemingly promised that a deal to end the war was close at hand. Earlier in the day he had vowed to hit Iran "very hard".

As ever with Trump, much can change very quickly. He has already controversially accepted a Peace Prize from FIFA, before initiating the war with Iran that has led to a significant global energy and economic shock. There is even a chance the US and Iran could play each other in the knockout stage on the weekend of the US' 250th independence celebrations.

PA WireDonald Trump accepted a Peace Prize from FIFA ahead of the 2026 World CupGianni Infantino, president of FIFA, has previously called for ceasefires during World Cups. If the World Cup helps quicken the pace of moves to de-escalate, there could be a material impact on energy prices, supplies and the world economy. Whether the World Cup can actually influence the world's major economic conflict, who knows.

Analyst Views

But make no mistake - there is another part of the economic jigsaw that is happening right in front of the eyes of football fans worldwide. It's a complete shakedown of football's economics and also one of the most visible examples of how some of the world's major economies increasingly operate. Squeezed fans"Football is nothing without the fans," the legendary late former Scotland World Cup manager Jock Stein once said.

Some fans however at the globe's biggest party will have paid previously unheard-of amounts for what may turn out to be dead rubber games, while forking out roughly the normal ticket price just for the commuter train to get to the stadium. Witness the New Jersey Transit train ticket - normally $12. 90 return, but $100 for the tournament.

Economists are analysing what the news means for the markets.