Six Months In: Iran War Widens as Energy Markets Feel the Shock

More than six months into the war with Iran, the Strait of Hormuz crisis continues to cause turmoil in the Gulf region and global energy markets with no apparent end in sight.

Tanker traffic through the strait has collapsed to a fraction of its pre-war baseline, and the fallout is spreading. Brent crude broke $100 a barrel for the first time since July, and US diesel prices have climbed above $6 a gallon for the first time in history.

The US Navy blockade has all but shut down Iranian oil exports, but the conflict is no longer confined to Iran and the strait. Last week, Saudi Arabia's East-West pipeline was struck and could stay offline for weeks. Iran-aligned Houthi forces seized Yemen's Red Sea coastline. And a Panama-flagged tanker carrying Iraqi fuel oil caught fire in the crossfire—a sign that oil flows well beyond Iran's borders are now at risk.

Meanwhile, President Trump continues to predict the war will end shortly after the US midterms—even as his own administration reportedly warns privately that Iran can hold out longer than that.

So, with the conflict spreading, has this become a multi-front regional war? How much further could oil and diesel prices climb? And how does this conflict unwind and actually end?

On today's show, Jason Bordoff speaks with three scholars at the Center on Global Energy Policy: Richard Nephew, Daniel Sternoff, and Karen Young. Together, they discuss the widening war, its impacts on global energy markets, and Middle East geopolitics.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(100)

Gautam Jain and Ned Shell on the Promise of Carbon Credit Markets

Carbon credit markets have become one of the most hotly debated tools in the fight against climate change. Supporters call them essential to closing the gap between corporate climate pledges and what ...

6 Loka 49min

Global Gas Markets on Edge as Europe Braces for Winter

Global gas markets, especially in Europe, are approaching winter under serious pressure. With storage inventories lagging behind historical averages and shipping disruptions from the Middle East threa...

29 Syys 57min

Iran Conflict Brief: Jan Stuart on What a US Diesel Export Ban Would Mean

Seven months into the largest oil supply disruption in history, there's still no resolution in sight. This week, on the sidelines of the UN General Assembly, US and Iranian officials held their first ...

25 Syys 34min

Erica Downs and Michal Meidan on China's Oil Shock That Wasn't

This week, Chinese President Xi Jinping travels to Washington for a state visit with President Trump, their second face-to-face meeting this year. Energy is likely to be high on the agenda, particular...

22 Syys 49min

Luisa Palacios and Bob McNally on Why the US-Venezuela Oil Deal Matters

It's been a tumultuous year for Venezuela, marked by political upheaval and deadly earthquakes. Then, in late August, the Trump administration announced a deal for over 65 billion barrels of Venezuela...

8 Syys 55min

DOE's Audrey Robertson on Growing US Critical Mineral Supply

Advanced technologies, a return to domestic manufacturing, and the race to control energy production while also confronting surging demand for electricity. All of these factors mean that for the US, e...

1 Syys 58min

Editor's Pick: Rajiv Shah on Delivering Universal Abundant Energy Access

Energy abundance means different things in today's global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It is about navigating geo...

25 Elo 1h 1min