Podcasts about oil markets

What a day on the EnergyNews Beat News Desk, we have 10 big stories for you, and as we were filming this, President Trump calls off the plans - wow, changed everything. David Blackmon's Energy Additions Stops by the Energy News Beat Stand Up as we used one of his stories on blackmon.substack.com.Make no mistakes, this war will end in one of two ways. World War III, or the Venezuelan-style controls on Iran, as they have shown themselves to be an untrustworthy neighbor and have murdered tens of thousands of their own citizens.As David and I were signing on to film the podcast, President Trump called off the strikes to take Kharg Island, and I am hoping this is to reposition assets and give some surprise to their capture. The oil markets dropped to $87. 94 for WTI, and this brings up the Paper trading versus the Physical delivery price of $140.1. Iran Geopolitical Crisis & Military StrategyThe hosts extensively discuss U.S.-Iran tensions, focusing on President Trump's shifting positions on military strikes and seizing Cargo Island. They analyze three phases of military action: (1) stabilizing oil prices by moving ships through the Strait of Hormuz, (2) degrading Iran's military capabilities, and (3) direct action inside Iran. A key point is that without “Venezuelan-style controls” on Iran's oil exports, hostile actors could profit significantly.2. Oil Markets & Strategic Petroleum Reserve (SPR)The podcast explores why physical oil prices exceed $140 while futures trade below $100. Key factors include China's reduced crude imports (4 million barrels/day reduction), alternative export routes bypassing the Strait of Hormuz (7-10 million barrels/day), and tanker truck alternatives. Critically, they warn that the U.S. SPR is dangerously low—only 6.1 weeks away from the safe operational level of 300 million barrels.3. Global Energy Infrastructure & Pipeline DevelopmentMultiple countries are building alternatives to the Strait of Hormuz to reduce Iran's leverage. Kuwait is negotiating pipelines with Saudi Arabia and UAE. Japan signed a major LNG deal. This reflects a broader theme: the world is reducing dependence on chokepoints Iran controls.4. U.S. Energy Policy & Data CentersGovernor Abbott's directive requires data centers in Texas to fund their own electrical infrastructure, protecting the grid. Texas is becoming the data center capital (second only to Virginia), with massive natural gas reserves in the Permian Basin to support expansion.5. Natural Gas Pipeline ExpansionKendra Morgan's Gulf Express pipeline expansion will come online soon, preventing flaring and enabling 4.5 BCF of new Permian outbound capacity by 2026—a significant development for energy markets.6. Banking & Investment in Fossil FuelsThe world's 65 largest banks invested $906 billion in fossil fuels in 2025, with the Iran conflict expected to escalate exploration, production, and energy security spending. The ordering of 250 supertankers signals long-term confidence in oil demand.7. Political Concerns & Congressional DysfunctionWe express frustration with President Trump's inconsistent messaging on Iran policy and criticize Congress for its lack of support, calling for primary challenges against most incumbents.All of these stories are on the Energy News Beat website - the World's Best Podcast Show Notes. 1.Trump: US Will 'Assume Total Control' Of Iran's Oil Infrastructure2.President Trump Announces Plans to Strike Iran Again and Take Control of Kharg Island, Echoing Venezuelan-Style Oil Controls3.Why Oil Is Still Below $100 a Barrel When Physical Oil Is Over $1404.The Tale of Two SPRs and Different Uses: US and China Navigate the Iran War Supply Shock5.Full Story on the Downed Apache – Part of Getting 22 Tankers through the Gulf6.Kuwait Oil Chief Seeks Pipeline Alternatives to Skirt Hormuz7.Japan Inks Major LNG Deal as Energy Markets Focus Away from Hormuz8.Texas Gov. Abbott Directs PUC and ERCOT to Shield Texans from Data Center and Infrastructure Costs9.Kinder Morgan's Gulf Coast Express Expansion About to Come On Line – And It Will Impact More Than Natural Gas Prices10.World's 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025. The Iran War will escalate exploration and production, pipelines, and energy security spending and financing.Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

The Bulwark's Andrew Egger joins Chris and Amy every week. He provides an update on the US/Iran war, 'we;re all just sort of back in the holding pattern.'; Could there still be a real shock in oil prices?; has there been a change to what religious affiliation can be claimed while in the military?; Pres Trump's choice for the LA Mayoral race falls back out of contention.

Oil prices are still heading up this morning, but a bit more slowly after tensions in the Middle East appear to be easing. Earlier today, Israel and Iran attacked each other for the first time since the ceasefire in April. What's behind these rising oil prices, and why are traders bidding up crude? Also in the show: a preview of May inflation data and encouragement to work from home in World Cup host cities.

Oil prices are still heading up this morning, but a bit more slowly after tensions in the Middle East appear to be easing. Earlier today, Israel and Iran attacked each other for the first time since the ceasefire in April. What's behind these rising oil prices, and why are traders bidding up crude? Also in the show: a preview of May inflation data and encouragement to work from home in World Cup host cities.

In Episode 482 of The Andrew Parker Show, Andrew Parker delivers a powerful and deeply personal monologue on Iran, Israel, global stability, and what he believes is a defining moment in modern history.Referencing Ronald Reagan's warning that “freedom is never more than one generation away from extinction,” Andrew examines the escalating tensions surrounding Iran's ruling regime, the broader implications for Western civilization, and the opportunity he believes exists to fundamentally reshape the future of the Middle East.This episode explores the connection between Iran's influence, regional instability, terrorism, oil markets, Israel's security, and America's role on the world stage. Andrew also weighs in on Donald Trump's negotiating strategy with Iran and questions whether diplomacy alone can prevent future conflict.From the rise of Islamist extremism in Europe to the fragile nature of freedom itself, this episode challenges listeners to consider whether the world is standing at the edge of greater peace or greater chaos.Topics include:Iran and the Islamic regimeDonald Trump foreign policyIsrael and Middle East stabilityRonald Reagan and freedomHamas and HezbollahGlobal security and terrorismWestern civilization and democracyOil, economics and world peaceAnti-Semitism and rising tensions in AmericaSupport the showThe Andrew Parker Show - Politics, Israel & The Law.  Follow us on Facebook, LinkedIn, YouTube and X. Subscribe to our email list at www.theandrewparkershow.comCopyright © 2026 The Andrew Parker Show - All Rights Reserved. 

Canada enters a "technical" recession. The curious case of the Bank of Canada's gold reserves. The Bitcoin bear market deepens. Canada has the second largest Natural Gas reserves in the world. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourJoin Seeking Alpha Premium And Get 25% Off Today!: https://link.seekingalpha.com/52636H6/4G6SHH/✉️ Media & Real Estate Inquiries: steve@stevesaretsky.comStay up to date with our information -

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Energy insiders are warning that global oil inventories are approaching dangerously low levels, leaving markets vulnerable to a massive price spike. With ongoing conflict disrupting supply chains and emergency reserves being drained, executives from Chevron and Exxon say crude prices could surge to $150+ per barrel if inventories fall further. Chris explains why the world economy may be far closer to an energy-driven recession than most people realize.

Looking toward the “futures” and determining “good value” Soybean oil futures market evolution since the start of the Iran war What happened in deferred contracts? Is palm oil next? Comparing the last strong El Niño event against an impending one A look at pricing dynamics for Malaysian palm oil futures (BMD exchange) Not a client on McKeany-Flavell's IQ Intelligence Platform? Visit iq.mckeany-flavell.com to learn more! Commodity dashboards Dynamic data & interactive charts Analytics & calculators Price forecasts Downloadable data, charts, and tables Our next webinar: Seasonal Market Outlook Wed., Jun 24, 2026 at 2pm ET / 11am PT Invites rolling out soon! Host: Michael Caughlan, President & CEO Expert: Nicole Thomas, Vice President – Information Services  

Michael Bernstam discusses the impact of Ukrainian drone strikes on the Russian oil market, noting that strikes on refineries and ports have forced Russia to export more crude oil at discounted prices instead of high-value refined products. Simultaneously, U.S. oil production has hit record levels, significantly influencing global market prices. (9)1905 BAKU

Oil prices remain surprisingly muted despite months of disruption in the Strait of Hormuz, but energy markets may be running out of time before low inventories become a much bigger problem.Chuck Zodda and Mike Armstrong break down why crude oil has not surged as much as many expected, how China and the U.S. may be helping offset lost Middle East supply, and why major producers are warning that inventories could soon reach dangerously low levels. They also discuss new inflation data, why the Fed may still have little room to cut rates, signs that the labor market is stabilizing, and how the AI economy continues to drive growth through major cloud and semiconductor spending.The show also covers Snowflake's $6 billion deal with Amazon, Salesforce's struggle to prove its AI strategy can defend future growth, and Boston's logistical headaches as the World Cup approaches.

The global oil market has been especially volatile this year, but the United Arab Emirates' decision to cease its OPEC membership provided another jolt. Today, we dig into why the UAE chose this path and the potential implications for the global market and U.S. producers.

Hour 4 continues with economist Taylor Riggs breaking down the tension between government intervention and free-market outcomes, responding to critiques of big-government policy by highlighting inefficiencies in public systems like transit, postal services, and permitting processes. The discussion shifts into New York's transit labor disputes, where union leadership pay structures and political pressure are contrasted with rank-and-file worker frustrations, alongside criticism of political blame games over stalled negotiations. Riggs then turns to macroeconomic conditions, arguing that a return to the Federal Reserve's 2% inflation target remains unlikely in the near term due to persistent energy pressures and elevated oil prices, with global supply chains, geopolitical instability, and refinery constraints all contributing to volatility. The segment closes with a broader energy market outlook, emphasizing the complexity of global oil flows, refinery limitations in places like California, and the continued influence of international trade dynamics on domestic fuel prices. Guests: Taylor Riggs Hashtags: #Economy #Inflation #OilMarkets #FederalReserve #EnergyCrisis #UnionPolitics #NewYork #FreeMarkets #MacroEconomics #MorningShow

Our experts discuss how the Iran conflict and AI-driven demand affect the outlook for oil, commodities, inflation, and energy security. 2:10 – Pre-war oil outlook 3:35 – Revised outlook for oil 7:00 – AI and an oil supercycle 9:50 – Critical importance of the Strait of Hormuz 11:30 – Downstream effects across supply chains 14:50 – Oil and energy market volatility 16:45 – Geopolitical implications 21:00 – Fertilizers, metals, and LNG 25:30 – Effects on the energy transition 28:10 – What to watch Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this podcast, Bassam Fattouh talks to Paul Horsnell and Harry Tchilinguirian about how the prolonged disruption of crude oil and refined products flows through the Strait of Hormuz (SOH) has been shaping the physical and financial layers of oil markets, benchmarks, and policy responses to the supply shock. They address few questions including: How […] The post OIES Podcast – 80 Days into the Hormuz Disruption: What Comes Next for Oil Markets? appeared first on Oxford Institute for Energy Studies.

The Left is attacking Donald Trump over comments about gas prices and Iran, but Tara says the real story is much bigger. This episode dives into inflation, Biden-era spending, Rubio's defense of Trump's Iran strategy, and the growing alliance between China and Iran that could reshape global power. Plus, why Tara believes the world is watching a dangerous geopolitical chess match unfold in real time. PODCAST SUMMARY The political and economic battle over inflation, energy prices, and Iran reached a boiling point after Donald Trump's remarks about prioritizing stopping Iran from obtaining nuclear weapons over short-term political pressure sparked backlash from the Left. Tara argues the comments were aimed directly at Iran's leadership and not American voters, while defending Trump's economic record and contrasting it with the inflation surge during the Biden administration. The episode examines Democrat messaging around inflation and government spending, including references to past comments from Congressman Jim Clyburn about rising prices during large-scale federal spending programs. Tara argues Americans are seeing financial recovery through wage growth, tax relief, and energy policy shifts tied to Trump-era economic priorities. The conversation then expands into a broader geopolitical analysis involving Iran, China, oil markets, and nuclear strategy. Tara explains her theory of “ChIran,” describing what she views as a deeply integrated alliance between Beijing and Tehran involving energy infrastructure, surveillance technology, and military cooperation. She also discusses concerns about Chinese influence over Iranian systems and the strategic implications of Iran controlling the Strait of Hormuz with nuclear capabilities. Secretary of State Marco Rubio's defense of Trump's position becomes a centerpiece of the discussion, with Tara arguing that the administration is attempting to prevent Iran from using oil prices and global energy markets as leverage against the United States. The show closes with escalating rhetoric surrounding Israel, Iran, and growing fears of wider regional conflict. CHAPTERS 00:00 Inflation, Gas Prices & Trump's Comments 04:22 Democrat Spending & Economic Fallout 08:47 Marco Rubio Defends Trump's Iran Strategy 13:35 Why Iran's Nuclear Program Matters 18:41 The “ChIran” Alliance Explained 23:58 China's Role Inside Iran 28:14 Oil Markets, Energy Leverage & Global Power 33:27 Strait Of Hormuz Tensions Escalate 38:16 Trump's Economic Record Compared To Biden 42:45 Israel, Iran & Calls For Escalation TAGS Donald Trump, Iran, China, inflation, Marco Rubio, Jim Clyburn, gas prices, oil markets, geopolitics, U.S. economy, conservative podcast, political commentary, Biden inflation, Middle East conflict, Strait of Hormuz, Israel Iran tensions, China Iran alliance, world news, energy policy, Republican politics YOUTUBE TITLE OPTIONS Trump's Iran Comments Trigger Massive Backlash The Dangerous China-Iran Alliance Explained Rubio Defends Trump As Global Tensions Rise Inflation, Iran & China: The Real Story Revealed Is China Secretly Controlling Iran? THUMBNAIL TEXT TRUMP VS IRAN CHINA'S SECRET POWER? GLOBAL TENSIONS RISE OIL WAR EXPLODES INFLATION & CHAOS SOCIAL MEDIA POST

China Chessboard EPISODE DESCRIPTION A fiery breakdown of President Trump's China strategy as new claims emerge about oil leverage, trade positioning, and geopolitical maneuvering against Xi Jinping. Tara unpacks the argument that Trump is reshaping global energy markets by controlling access to Venezuelan, Russian, and Iranian oil while publicly signaling cooperation with China. Meanwhile, critics point to controversy over student visas, foreign policy messaging, and the political optics of the summit. Is this a masterstroke of strategic pressure—or a contradiction-filled diplomatic gamble? HOOK Trump says “I love China”… while allegedly tightening the economic noose behind the scenes. So what's real—and what's just political theater? KEY TALKING POINTS Trump's summit with Xi Jinping and conflicting public messaging Claims that U.S. energy strategy is reshaping global oil markets Venezuelan, Russian, and Iranian oil flows as geopolitical leverage Debate over China purchasing U.S.-controlled oil through Gulf refineries Marco Rubio commentary on rising global oil supply dynamics Falling foreign student visa numbers and university economic impact Controversy over Trump's comments on Chinese students and trade optics Media criticism over selective video editing of Trump remarks Allegations of strategic economic pressure on China via energy markets Political interpretations of Trump's “soft rhetoric vs hard policy” approach FEATURED CLIPS Trump on China investment and “great relationship” messaging Analysis of global oil market shifts involving Russia and Venezuela Discussion of Chinese student visa declines and university impacts Media debate over Trump Iran and economic commentary Breakdown of geopolitical strategy behind energy control SEO KEYWORDS Trump China summit, Xi Jinping trade strategy, global oil markets, Venezuela oil exports, Russia oil supply, Iran sanctions oil, Marco Rubio energy policy, Chinese student visas US, Trump foreign policy, US China relations, geopolitical oil leverage, AmperWave Daily, trade war strategy, international relations news THUMBNAIL TEXT CHINA CHESS GAME YOUTUBE DESCRIPTION President Trump's latest meeting with Xi Jinping is sparking intense debate over what's really happening behind the scenes of U.S.–China relations. In this episode, Tara breaks down: Trump's public praise vs private strategy toward China Claims about U.S. control over global oil supply chains The role of Venezuela, Russia, and Iran in energy politics Falling Chinese student visa numbers and economic fallout Media disputes over how Trump's comments are presented The broader geopolitical chess game shaping global power Is this strategic statecraft—or a dangerously complex gamble on the world stage? CHAPTERS 00:00 The China Summit Debate 03:18 Trump's Public vs Private Messaging 07:45 Global Oil Market Power Struggle 12:30 Venezuela, Russia & Iran Energy Flows 18:10 Chinese Student Visa Declines 22:55 Media Framing Controversies 28:40 Marco Rubio & Energy Strategy Claims 33:20 Is This a Geopolitical Master Plan? SOCIAL MEDIA POST

Trump's comments on China spark outrage, but is there a bigger geopolitical strategy behind the scenes? Tara and Lee break down the explosive Trump-Xi summit, the Iran oil chess game, Rubio's warning about nuclear Iran, and why China's grip on Tehran could reshape global power. Plus, the South Carolina Republican civil war erupts as establishment insiders battle Trump-backed redistricting and controversial AG candidate David Pascoe faces intense scrutiny. SHORT CLICKABLE TITLE Trump's China Gamble EXPOSED EPISODE SUMMARY Today's show dives deep into the backlash over President Trump's stunning comments about China, Xi Jinping, Chinese farmland ownership near military bases, and the growing tension over Iran's nuclear ambitions. Tara and Lee argue that while Trump's public praise of China sounds alarming, the real strategy may be economic warfare aimed at cutting Iran and Russia out of China's energy pipeline. The conversation explores claims that China secretly controls key Iranian infrastructure and discusses Marco Rubio's defense of Trump's hardline negotiating tactics. The hosts also examine the possibility that Trump is intentionally reshaping global oil markets to weaken adversaries while forcing China into dependence on American energy exports. In the second half, attention shifts to South Carolina politics, where accusations of a Republican “UniParty” establishment protecting Democrat-aligned candidates ignite a fierce internal battle. The show details controversy surrounding David Pascoe, redistricting fights, Lindsey Graham's influence, and allegations that establishment Republicans are undermining Trump-backed reforms. KEY TOPICS Trump's controversial China comments Xi Jinping and U.S.-China relations Iran nuclear tensions China's influence over Iran Oil politics and global energy markets Marco Rubio defending Trump strategy South Carolina Republican infighting Redistricting battle in South Carolina David Pascoe controversy Lindsey Graham and establishment Republicans SEO KEYWORDS Trump China deal, Trump Xi Jinping interview, Iran nuclear crisis, Marco Rubio Iran comments, China Iran alliance, South Carolina redistricting, David Pascoe controversy, Lindsey Graham criticism, Trump oil strategy, China buying American oil, SC GOP civil war, UniParty South Carolina, Trump energy policy, Iranian nuclear threat, Republican primary South Carolina THUMBNAIL TEXT CHINA GAMBLE? TRUMP'S SECRET STRATEGY SOCIAL MEDIA POST

Kristine Moreland on how her organization "The More We Love" is addressing addiction and homelessness in Seattle, and an update on "The Boy In The Tent" // Casey McNerthney with "Crime and Punishment" — local crime report // Jill Schlesinger on the global oil market, and new graduates entering the job market // Charlie Commentary on the state's gas revenue dilemma // Marcus Espinoza on the potential of a federal gas tax holiday amidst record high fuel prices // Gee Scott on young people struggling with the job market

Taylor Riggs discusses the fallout from Spirit Airlines' financial collapse, arguing the failed merger attempts and DOJ antitrust intervention helped push the carrier into bankruptcy, resulting in major job losses and reshaping budget air travel. The conversation shifts to broader airline industry changes, including Delta trimming in-flight food service on shorter routes and whether consumers prefer higher fares or fewer perks amid rising fuel costs tied to global tensions. Riggs then addresses oil market instability driven by conflict in the Strait of Hormuz, emphasizing that sustained disruption in the region will keep crude prices elevated unless shipping routes return to full normalcy or new international partnerships reduce reliance on U.S. naval escort. She closes with strong ADP job data showing over 100,000 new positions led by small businesses, signaling underlying labor market strength despite broader economic uncertainty. Hashtags: #SpiritAirlines #AirlineIndustry #JetBlue #DeltaAirlines #OilPrices #StraitOfHormuz #OPEC #JobsReport #SmallBusiness #FoxBusiness #Economy #Markets

Economics professor Dr. Richard Bilas joins the show to talk about the UAE leaving OPEC and how that could affect the price at the pump.

Former Middle East Senior Advisor to President Biden Amos Hochstein joined Bloomberg at the Milken Institute Global Conference to discuss the war in Iran. He says we're going towards a cliff on oil and oil products by the end of this month and that the bite will deepen every day.See omnystudio.com/listener for privacy information.

Tensions between the US and Iran have escalated again, with flashpoints centred on the Strait of Hormuz. Despite ongoing indirect negotiations, disagreements over the US naval blockade and Iran's nuclear stance triggered renewed friction. Please note: this podcast is provided for information purposes only and should not be construed as an offer, or a solicitation of an offer, to buy or sell financial instruments. This podcast does not constitute a personal recommendation and is not investment advice. Investec

Arthur Hayes breaks down his macro framework for Bitcoin in this conversation with David Sencil at Bitcoin 2026 in Las Vegas.Key topics:- Why Bitcoin tracks global fiat liquidity- Why this isn't a true bull run yet- The $145K level that matters- AI as a potential credit shock- How money printing and bank credit drive marketsHayes argues that Bitcoin's price is ultimately tied to the expansion of fiat in the global system, not institutional narratives or short-term sentiment.Chapters:00:00 The Future of Crypto and Retail Involvement03:02 Oil Markets and Economic Implications05:52 Bitcoin's Performance and Economic Indicators09:11 AI's Impact on the Economy11:59 Liquidity and Monetary Policy15:06 The Role of Stablecoins in Global Finance18:00 The State of DeFi and Security Concerns20:55 Market Sentiment and Future PredictionsArthur Hayes IG - https://www.instagram.com/cryptohayes/LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/Substack - https://cryptohayes.substack.com/Web: https://www.cryptohayes.comX - https://x.com/cryptohayesMaelstrom Fund LinkedIn: https://www.linkedin.com/company/maelstromfundWeb - https://www.maelstrom.fundX - https://x.com/maelstromfund

Your royalty check is the end product of dozens of economic forces working all at once — and most of them have nothing to do with what's happening on your property. In this episode, we break down the economic framework every mineral owner needs to understand: starting with the global or macro-economic forces that set the price of oil and gas, moving to the local and regional factors that determine how much of that price actually reaches your check, and ending with the micro or property-level decisions that affect your long-term income. Whether you inherited your minerals or actively manage them, understanding the big picture  helps you make smarter decisions, set realistic expectations, and stop second-guessing every time your royalty check goes up or down. Be sure to check out the show notes at mineralrightspodcast.com for more information!

The UAE’s exit from Opec is part of a broader strategic pivot, argues Pat Breen of Gas Strategies. We look at the diplomatic intrigue behind a move that has rattled oil markets. Plus: Kosovo faces another election and a preview of the Venice Biennale.See omnystudio.com/listener for privacy information.

Was the clock already ticking before conflict with Iran began? Tara connects the dots between a reported weapons deal with China, global trade choke points, and why Donald Trump may have acted sooner than expected. ⚡ EPISODE SUMMARY Tara delivers a high-stakes breakdown of escalating tensions involving Iran and China, arguing that a critical turning point came just days before open conflict. Citing reporting from Reuters, the episode explores claims of a pending missile deal that could have shifted the balance of power in the region. The discussion frames Iran not as a standalone actor, but as part of a broader geopolitical strategy involving Chinese investment, infrastructure, and influence. Tara highlights how control of key routes like the Strait of Hormuz and disruptions near the Red Sea could reshape global commerce. A major focus is on economic warfare—specifically sanctions, oil flows, and financial pressure. Treasury actions led by Scott Bessent are described as a turning point, targeting not just Iran but institutions tied to Chinese trade. Tara also discusses emerging concerns about global control systems, referencing companies like Huawei and the spread of surveillance infrastructure tied to economic agreements.

Is Iran collapsing under pressure while China pulls the strings? Tara breaks down global power moves, economic warfare, and a fiery backlash against South Carolina lawmakers over taxes, spending, and political accountability. ⚡ EPISODE SUMMARY Tara dives into a complex geopolitical showdown, arguing that Iran is facing severe economic strain—from oil storage limits to currency collapse—while pressure mounts from policies tied to Donald Trump and Treasury leadership under Scott Bessent. The episode explores claims that China has deep financial and technological influence in Iran, including infrastructure tied to companies like Huawei. Tara connects this to global trade chokepoints like the Strait of Hormuz and disruptions near the Red Sea. Shifting stateside, Tara takes aim at South Carolina leadership, criticizing lawmakers for rejecting gas tax relief despite a reported surplus, while allegedly pursuing billions in new government spending. The conversation highlights tensions within the state's Republican politics and questions surrounding endorsements tied to figures like Donald Trump. The episode wraps with a lighter but revealing note on Hollywood economics, citing stars from Friends like Lisa Kudrow and Jennifer Aniston, who continue earning massive residual income decades later.

The oil market is starting to hit real limits.Chuck Zodda and Marc Fandetti break down why ongoing supply disruptions are beginning to drain inventories and push prices higher.Also covered:How long US oil reserves can absorb continued shortagesWhy global energy flows are shifting from efficiency to securityThe growing risk of demand destruction as prices riseWhat higher oil prices mean for inflation and the FedWhy this problem is spreading from Asia to Europe and now the USWhat happens if supply does not return before inventories run too low.

The United Arab Emirates will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war. We heard from Hartmut Issel, UBS Wealth Management Head of APAC Equities and Credit speaking to Bloomberg's Shery Ahn and Haidi Stroud-Watts And - Japanese electronic components maker TDK posted 4th quarter sales and operating profit that beat consensus, but the full year outlook fell short of the average analyst estimate. TDK CEO Noburo Saito spoke to Bloomberg's Shery Ahn.See omnystudio.com/listener for privacy information.

12. Headline: Coordinated Threats: The Houthis, Iran, and Global Hunger Guest: Edmund Fitton-BrownSummary: The Houthis and Iran appear to use coordinated messaging to threaten strategic waterways, spooking global oil markets. Furthermore, the ongoing blockade risks creating a global famine due to fertilizer shortages, though the U.S.remains firm against Iranian "blackmail" using humanitarian crises. 121962 YEMEN

There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off 20% of the world's oil and gas supply. Tuesday, the UAE announced it will leave OPEC, the cartel that has largely controlled oil supplies for decades. Amna Nawaz discussed more with Karen Young. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off 20% of the world's oil and gas supply. Tuesday, the UAE announced it will leave OPEC, the cartel that has largely controlled oil supplies for decades. Amna Nawaz discussed more with Karen Young. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Send us Fan MailThe Iran war isn't just a battlefield story, it's a chokepoint story. When the Strait of Hormuz is squeezed, the shock doesn't stop at oil prices. It hits shipping lanes, airlines, fertilizer and food costs, supply chains, and the political patience of voters already stretched by inflation. We dig into why a ceasefire can look stable on TV while the underlying leverage remains dangerously intact, and why that makes any “clean” victory narrative hard to sustain. We're joined by Professor John Mearsheimer to pressure-test the endgame: can the US and Iran negotiate anything durable when enrichment capability, sanctions, verification, proxies, and regional basing are all tied together? Then we pivot to the fiercest argument in American politics right now: Israel. Alan Dershowitz explains why he's registering as a Republican for the first time, citing antisemitism and a Democratic break with Israel, while Joe Kent argues the GOP base is tired of foreign wars and wants a more balanced US-Israel relationship. Along the way we confront how rhetoric shapes the debate and why certain phrases carry historical baggage even when used casually. Ian Bremmer brings the global view, connecting Middle East conflict to recession risk, energy security, AI-era demand for cheap power, and the quiet ways supply disruptions spread. We also explore whether China is the ultimate beneficiary, how Taiwan could become part of Trump's bargaining, and why Gulf states' tourism and investment dreams look far more fragile under missile-range insecurity. Subscribe, share the episode, and leave a review, then tell us: what should the US demand as the real off ramp? Support the show

27 Apr 2026. The Business Breakfast broadcasting live from ICD Brookfiled place this morning - and premium office space is holding firm despite everything, we find out why with the man behind one of the city’s most sought after addresses. Plus, Goldman Sachs warns global oil inventories could hit record lows even if the Strait reopens. Kuwait goes to the bond market and more Gulf states could follow, a bond expert joins us. And Haus & Haus says an overdue property correction is underway in Dubai. Is it a buying opportunity?See omnystudio.com/listener for privacy information.

Phil is the founder of Suttle Economics – a leading research consultancy. Before that, he held senior roles at Tudor, the Institute of International Finance (IIF), JP Morgan, Barclays, the New York Fed and World Bank. He was educated at Oxford University and lives in the US. In the podcast, we talk about: The Oil Price Shock and "Negative Supply Curve" Impact  US Economic Stagnation and Population Seismic Shift AI as a Short-Term Inflationary Impulse The Fed's Potential Hawkish Pivot European and Japanese Central Bank Outlooks China's Resilience and the "Thucydides Trap" Market Rotations and the "Safe Asset" Shift US Midterms and Trade Tensions 

Taylor Riggs breaks down the economic fallout from escalating tensions in the Strait of Hormuz, explaining how disrupted shipping and potential blockades could pressure oil markets while ultimately hurting Iran more than the U.S. She points to futures pricing as evidence markets expect limited duration conflict, while noting continued strength in equities driven by earnings and AI investment. The discussion also shifts to Federal Reserve policy, where Riggs criticizes political grandstanding in Senate hearings and defends the Fed's mandate of inflation control and employment stability over political commentary. She also explains gas price behavior, highlighting how margin lag at the pump delays price relief for consumers even as wholesale oil prices move. Hashtags: #TaylorRiggs #OilMarkets #Iran #StraitOfHormuz #FederalReserve #Inflation #EnergyPrices #Economy #Markets #FoxBusiness

Francisco Blanch, head of commodities and derivatives research at Merrill Lynch, discusses the post-conflict issues facing the global oil market, the availability of jet fuel, and the potential timeframe for restoring oil flows once the war in Iran comes to an end.See omnystudio.com/listener for privacy information.

Nader is Argus' Middle East editor, based in Dubai. Argus is a leading independent provider of global energy and commodity market intelligence. Nader has more than 15 years of experience covering oil and gas in the region, and today heads up the company's Middle East and OPEC coverage. Prior to moving to Argus in 2015, Nader spent five years with the Middle East Economic Survey (MEES) weekly in Cyprus. In this podcast, we discuss: Fragmented GCC Stances Iran's Hormuz "Stranglehold" The "Zero Enrichment" Stalemate The Hormuz Transit Toll US Naval Blockade Tactics Downstream Infrastructure Damage Returning Shut-in Production Bypassing the Strait 

Hour 4 opens with breaking international developments as Iran's foreign minister announces the Strait of Hormuz is open for full passage, triggering immediate market reactions with oil prices dropping sharply and stock futures surging. The discussion tracks President Trump's Truth Social statement confirming the reopening while maintaining a naval blockade on Iran until negotiations are fully completed. The hour then moves through analysis of the geopolitical implications, including commentary that Iran's regional influence has been significantly weakened through sustained military and diplomatic pressure, with Israel-Lebanon developments framed as part of a broader shift in Middle East power dynamics. Economic impacts dominate the conversation, with falling crude prices, rising markets, and administration claims of easing inflation and stronger consumer relief through tax policy and trade deals. The second half of the hour shifts to local programming, featuring the Queen of Hearts drawing update benefiting Guns and Hoses and the St. Louis Backstoppers, followed by an interview with Kimberly Johnson of Our Lady's Inn, who discusses services for homeless pregnant women and children, expansion of maternity housing into St. Louis County, and ongoing community funding needs. The hour concludes with Sue Thomas previewing History of the Lou, focusing on St. Louis sports history through figures like Kurt Warner, Kurt Flood, Jackie Joyner-Kersee, Arthur Ashe, and the evolution of local soccer culture, alongside continued interest in preserving St. Louis' cultural and athletic legacy. Hashtags: #StraitOfHormuz #OilPrices #Iran #MiddleEast #StockMarket #Economy #StLouis #OurLadiesInn #GunsAndHoses #QueenOfHearts #SueThomas #HistoryOfTheLou #SportsHistory #KurtWarner #KurtFlood

Stay informed on current events, visit www.NaturalNews.com - Dioxin Testing and Product Safety (0:11) - Life After the Blockade and Oil Market Manipulation (1:56) - Interview with Mike Adams and Product Testing (3:10) - Impact of Dioxin Exposure and Testing Methodology (10:39) - Product Testing Results and Preparedness (35:28) - Life After the Blockade: Economic and Social Implications (39:16) - Oil Market Manipulation and Economic Impact (39:41) - Interview with Steve Quayle: Genetic Armageddon and AI (1:02:38) - Ancient Symbols and Their Connection to Modern Events (1:08:38) - Preparation for Future Challenges (1:19:18) - Peak Human Population and Mass Extermination (1:20:15) - Replacement of Human Beings by Hybrids (1:22:11) - Secret Labs and Human Incubatoriums (1:23:11) - Historical Figures and Demonic Entities (1:25:30) - Alien Disclosure and Stargates (1:27:24) - Hybridization and Genetic Engineering (1:37:02) - AI and Entity Intelligence (1:40:37) - Spiritual Warfare and End Days (1:52:34) - Yellowstone Park and Extremophiles (1:55:29) - Sponsorship and Product Promotion (1:59:08) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

The Middle East ceasefire is strained, the FT's Jamie Smyth explains how the uncertainty is hitting oil markets and Pakistan has become a mediator between the US and Iran. Plus, the data chief of the NHS has vowed to ignore controversy about Palantir while setting out plans to deeper embed the US company's technology.Mentioned in this podcast:Middle East ceasefire under pressure over Israeli strikes on LebanonSaudi Arabia's key east-west oil pipeline hit as Middle East energy attacks continueIran demands crypto fees for ships passing Hormuz during ceasefireWhite House pushed Pakistan to broker temporary Iran ceasefireNHS data chief pushes for deeper rollout of Palantir technology despite outcryNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oil prices are absolutely soaring...AND CRASHING. Yes, at the same time. The main US petroleum benchmark surged by a whopping $11.42 a barrel on Thursday alone, the last trading day before the Good Friday holiday. And one key benchmark clocked in above $140. Yet, the rest of oil futures aren't soaring at all. In fact, contracts for oil early next year are under $70 per barrel right now - more importantly they've been falling for a couple weeks already.   Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. To watch a replay of our webinar, click below. https://youtube.com/live/dkgSJvjWs5M?feature=shareTo take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:https://www.eurodollar.university/webinar-offer----------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

President Trump said last night that military attacks on Iran will end in two or three weeks. But the effect on the global oil market will last much longer. In this episode, what it will take to stabilize oil supply and reserves — and how long gas prices will stay high. Plus: Hospitality groups make up a growing share of restaurant ownership, high oil prices haven't pushed Permian Basin rigs to “drill, baby, drill,” and corporations take small steps to save the Colorado River basin.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

President Trump said last night that military attacks on Iran will end in two or three weeks. But the effect on the global oil market will last much longer. In this episode, what it will take to stabilize oil supply and reserves — and how long gas prices will stay high. Plus: Hospitality groups make up a growing share of restaurant ownership, high oil prices haven't pushed Permian Basin rigs to “drill, baby, drill,” and corporations take small steps to save the Colorado River basin.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

This is the story behind the story on Trump's 15 point Peace Plan for Iran and the Strait of Hormuz Blockade with Mike Baker. One month into the joint U.S.-Israel war with Iran, the battlefield tells one story… but the global economy tells another. Militarily, the United States and Israel have overwhelming dominance. Iran's air defenses are down. Its navy is crippled. Its command structure has been hit hard. Operation Epic Fury is executing with precision. So why does this feel like a stalemate - The Strait of Hormuz Closure Iran has shifted to asymmetric warfare—blockading one of the most critical chokepoints in the world and triggering massive spikes in global energy prices. And here's the uncomfortable truth: even with the most powerful military on earth, the U.S. cannot simply “take” the Strait without risking a global economic collapse. We walk through: Why the US Military can't force open the Strait of Hormuz What's in Trump's 15 Point Peace Plan for Iran Predictions for what's next? Who is in charge in Iran - The clerics, IRGC, a new Ayatollah, The president Why protecting oil tankers is nearly impossible What role is does the GCC / Gulf Cooperation Council Play The hidden role of maritime insurance—and why corporations, not governments, may decide if the Strait stays open What is going to happen with Iran's Terror Proxies - Houthis, Hamas, Hezbollah etc. Who comes out on top - Rubio or Vance Then we unpack the reported 15-point peace proposal being floated through backchannels in Pakistan—what the U.S. is demanding from Iran, what's being offered in return, and why Tehran may already be rejecting it. Is this peace through strength—or a dangerous gamble with global markets? To separate fact from narrative, we're joined by former CIA covert operations officer Mike Baker, who brings 17 years of intelligence experience to break down what's actually happening behind the headlines—no spin, no politics, just reality. If you want to understand the Iran war, the Strait of Hormuz, oil markets, and what comes next—this is the episode. CHAPTERS 01:17 — Establishing Military Supremacy: 03:12 — The Strategic Trap of the Strait 05:03 — Swarm Tactics and Cheap Drones 06:14 — Vulnerability of Supertankers 07:36 — Maritime Insurance & Global Trade 09:20 — Iran's Underground "Missile Cities" 11:18 — Risks of a Full-Scale Land Invasion 11:56 — Trump's 15-Point Peace Proposal 12:24 — Nuclear and Proxy Network Demands 13:28 — Reopening the Strait & Missile Restrictions 14:13 — Proposed Concessions & Snapback Risks 16:01 — Tehran's Rejection & Internal Counter-Demands 20:03 — Iranian Leadership Confusion 22:17 — The IRGC's Hardline Control 24:27 — Evaluating Diplomatic and Military Progress 27:39 — Oil Markets & Administrative Preparedness 30:01 — Geopolitics and Extortion Fees 32:15 — The Global Supply Chain Crisis 34:40 — US Energy Policy: "Drill Baby Drill" 38:12 — The Strategic Petroleum Reserve (SPR) 42:25 — The Iranian People vs. The Regime: 45:50 — Psychological Warfare & Information Operations 49:15 — Deep Dive: The Peace Proposal's "Snapback" Clause 52:40 — JD Vance's Role in Negotiations 56:05 — Domestic Security: The Threat of Sleeper Cells 01:00:15 — Cyber Warfare & Infrastructure Vulnerabilities: 01:04:30 — The Future of the Conflict: 01:06:50 — Mike Baker's Background & "The President's Daily Brief" 01:08:44 — Closing Remarks & Final Thoughts Discover Cow's Own Tallow Balm—simple, natural skincare made from grass‑fed tallow—now at https://cowguys.shop/jillian Refresh your wardrobe with timeless, high-quality pieces from Quince—go to https://Quince.com/JILLIAN for free shipping and 365-day returns! Learn more about your ad choices. Visit megaphone.fm/adchoices

As the Strait of Hormuz continues to be a chokepoint for oil, our Global Head of Fixed Income Research Andrew Sheets and our Head of Commodity Research Martijn Rats discuss possible outcomes for the interconnected market.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Martijn Rats: I'm Martijn Rats, Head of Commodity Research at Morgan Stanley. Andrew Sheets: And today in the program: Oil flows through the Strait of Hormuz remain restricted. The implications for global energy markets and what may lie ahead.It's Wednesday, April 1st at 2pm in London. So, Martijn, it's great to sit down with you again. Three weeks ago, we were having this conversation; a conversation that was a little bit alarming about the scale of the disruption of the oil market with the closure of the Strait of Hormuz, and how that could have ripple effects through the global economy. Three weeks later, oil is still not flowing. What is happening? And what has maybe surprised you? Or been in line with expectations over the last couple of weeks? Martijn Rats: Yeah. Many things have been in line with expectations, in the sense that we're seeing the effects of the closure of the strait the earliest in regions that are physically the closest to the strait. So, we saw the first examples of physical shortages in, say, the west coast of India. Then we saw examples from the east coast of India From there on it's reverberated throughout Asia, where now governments have announced a whole host of. Effectively, energy demand, uh, management measures, uh, work from home, kids staying at home from school, um, cancellation of flights. There are quite many through, through Asia Also in Asia, we're seeing the type of prices that you would expect with this situation. Bunker fuel for shipping, somewhere between $150 to $200 a barrel. Jet fuel over $200 a barrel. Naphta going into Japan; naphta normally trades well below the headline price of Brent. Now $130 a barrel, that's more than double what it was in February. So, those things tell the story of this historic event. What has been surprising on the other end is how slow the reaction has been in many of the oil prices that we track the most. Like… Andrew Sheets: The numbers people will see on the news. You know, it's $100 a barrel maybe as we're talking. Martijn Rats: Yeah. It's strange to see jet fuel cargoes in Rotterdam more than $200 a barrel, but then the front month Brent future only trading at [$]100. That spread is historically wide and very surprising. But look, there are some reasons for it. The crude market had more buffers. There are a few other things. But how slow Brent futures have rallied? That has been somewhat surprising. Andrew Sheets: But you know, from those other prices you mentioned, those prices in Asia, those prices in Rotterdam that are maybe higher than the numbers that people might see on the news or on a financial website. Is it fair to say that in your mind that's sending a signal that this is a market that really is being affected by this? And being affected maybe in a larger way than the headline oil price might suggest? Martijn Rats: Oh, clearly. Look, the oil market is full with small price signals that tell the story of the underlying plumbing of the oil market. So, you can look at price differential. So, physically delivered cargoes versus financially traded futures. West African oil versus North Sea oil. Brazilian oil versus North Sea oil. Oil for immediate physical delivery versus the futures contract that trades a month out. And many of those spreads have rallied to all time highs. That is no exaggeration. And so, in an underlying sense, the stress in the market is clearly there. It is just that in front of Brent futures, which is the world's preferred speculative instrument to express a financial view on oil. Yeah, there the impact has been slower to come. But you're now seeing a lot of Asian refineries bidding for crudes that are further away in the Atlantic basin. So, demand is spreading to further away regions. And that should over time still put upward pressure on Brent. Andrew Sheets: In our first conversation, you know, you had this great walkthrough of both just putting the scale of this disruption in the Strait of Hormuz into the global context. How many barrels we're talking about, how that's a share of the global market. Maybe just might be helpful to revisit those numbers again. And also, some of the mitigation factors. You know, we talked about – well maybe we could release reserves, maybe some pipelines could be rerouted. Based on what you're currently seeing on the ground, what is this disruption looking like? Martijn Rats: Yeah, so to put things in context, global oil consumption is a bit more than 100 million barrels a day. That number lives in a lot of people's heads. But if you look at the market that is critical for price formation, that's really the seaborne market. You can imagine that if, say you're in China, and you have a shortage. But there is a pipeline from Canada into the United States – that pipeline's not really going to help you. What you need is a cargo that can be delivered to a port in Shanghai. So, the seaborne market is where prices are formed. That is roughly a 60 million barrel a day market, of which 20 million barrels a day flows through the Strait of Hormuz. So, for the relative market, the Strait of Hormuz is about a third. It's very, very large. Now, out of that 20 million barrel a day that is, in principle, in scope, there is still a little bit of Iranian oil flowing through. That continues. They let their own cargo through. Then Saudi Arabia has the East-West pipeline. They can divert some oil from the Persian Gulf to the Red Sea. That's about 4 million barrels a day, incremental on top of the flow that already exist on that pipeline. The UAE has a pipeline that can divert half a million barrel a day. But you are still left with a problem that is in the order of 14-ish million barrels a day. You're going to have some SPR releases to offset that a little bit. But global SPRs can flow maybe 1 to 2 million barrels a day. You're very quickly left with a double digit shortage – and that is historically large… Andrew Sheets: And just to take it to history, I mean, again, if we were placing a 14 million barrel a day disruption in the context of some of these historical oil disruptions that people might have a memory of – what is the relative scale? Martijn Rats: Yeah. This is at the heart of why this is such a difficult period to manage. Like, normally we care about imbalances of 0.5 to 1 million. That gets interesting for oil analysts. At a million, you can expect prices to move. If you have dislocations in supply and amount of, say, 2 to 3 million barrels a day, you have historically epic moves that we talk about for decades, literally. Like in 2008, oil fell from $130 a barrel to [$]30 on the basis of two to three quarters of 2 million barrel a day oversupply. In 2022, around the Ukraine invasion, oil went from 60-70 bucks to something like [$]130 at the peak on the basis of the expectation, but not realized. This was just an expectation that Russia would lose 3 million barrels a day of productive capacity. And so, 2 to 3 million barrels a day normally already gets us to these outsized moves. And so, this event is four, five times larger than that. That means we don't have historical reference for what's currently happening. Andrew Sheets: I guess I'd like to now focus on the future and maybe I'll ask you to summarize two highly complex scenarios in a[n] overly simplified way. But let's say tonight we get an announcement that hostilities have ceased, that the strait is open, that oil can flow again. Or a second scenario where it's another three weeks from now, we're having this conversation again, and the strait is still closed. Could you just kind of help listeners understand what the energy market could look like under each of those scenarios? Martijn Rats: Yeah. So maybe to start off with the latter one. Because from an analytical perspective, that one is perhaps a bit easier. Look, if the Strait stays closed, at some point, consumption needs to decline. Andrew Sheets: Significantly. Martijn Rats: Yeah, significantly. We need demand destruction. Now that's easier said than done. Who gets to consume in those type of environments – are those who are willing to pay the most. And that means that certain consumers need to be priced out of the market. We tried to answer this question in 2022, and the collective answer that we all came up with is that you need prices for Brent – in money of the day – $150 or something thereabouts. That is not an exaggeration. Now, let's all hope we can avoid that scenario because that is… You know, that looks like a spectacular price. But that is not a beneficial scenario for anybody in the economy.The other scenario is more interesting, and it can actually be split in sort of two sub scenarios… Andrew Sheets: And this is the scenario where actually stuff starts flowing tomorrow. Martijn Rats: Exactly, exactly. If it completely flows like it always did – sure, we go back to the situation we had before these events. Brent can fall substantially – 70 bucks. Before these events we thought the oil market would be oversupplied. Who knows? True freedom of navigation may be even lower. But, at the moment, that doesn't quite look like that will be the scenario that's in front of us. What seems to be emerging is an outcome whereby this could deescalate but leave the Iranian regime structurally in control of the flow of oil through the Strait of Hormuz. And if the Iranian regime continues to manage the flow as they currently do – cargo by cargo. Because there are some cargoes trickling out and there is a process that seems to be established for it. There seems to be a toll that seems to be paid. And if it remains that sort of relatively heavy handed -- This cargo goes, that cargo doesn't. Given that that will then manage 20 percent of global oil supply, that is not the same oil market that we had before. Like all of OPEC spare capacity would be behind this system. Would that spare capacity be available in the case of an emergency? Maybe, maybe not. This is only one of many questions. But if the Iranians stay in control of the strait, we will not return to the oil market that we once knew. Andrew Sheets: And is that fair to say we might need a higher, long-term oil price? A higher risk premium in future oil prices to offset some of that? Martijn Rats: Yes. I would say that that is very likely. First, a lot of the supply would be fundamentally less reliable. Second, we would have de minimis effective spare capacity in the system. Thirdly, if this is the scenario we are left with, that creates an enormous incentive for countries to start expanding their strategic storages. And building strategic inventories is like exerting demand. China has built a lot of strategic storage over the last two years. They are now in a better shape than if they hadn't. In the west, we've historically had strategic storage. But India for example, has none. And so, the rest of Southeast Asia, no strategic storage; a lot of strategic storage buying that will is price supportive. And also, look, the prices that we care about are the price of Brent and WTI, and they are not behind the Strait of Hormuz. They have higher security of delivery. You can totally see how refineries would be willing to pay premium for those crudes relative to others. So, when you add all of that up, it leaves you with a higher risk premium. That people would pay particularly for the crudes that form our perceptions about the oil market, Andrew Sheets: Martijn, one final question I'd love to ask you about is how the U.S. fits into all of this. You know, you do encounter this perception that the U.S. is energy independent. It produces a lot of oil. It's net energy neutral in terms of its imports-exports. You can correct me to the extent that's correct. But to what extent do you think it's true that the U.S. is more isolated energy wise from what's going on? And to what extent do you think that that could be a little bit misleading given a global interconnected market? Martijn Rats: Look, the United States is in a better position than many other countries, that's for sure. China, it's a very large importer of oil Europe, very large importer of oil, uh, and at least the United States has, has a much bigger base of its own production. Um, But the practical reality is also that that is, I would just say, mostly sort of a volume argument, but not a price argument. The United States is a net exporter of oil. But that is a net effect after very large imports and very large exports. It's just that the exports are a little bit bigger than the imports… Andrew Sheets: So, it's a lot of flow in both directions… Martijn Rats: There is an enormous flow in both directions and that connects the United States with the rest of the world. In the end, in the seaborne market, there really is only one oil price and we all pay it, including the United States. But nevertheless, relative to other parts of the world, yeah, better positioned, Andrew Sheets: But still not immune from what's going on. Martijn Rats: No, no. We're all connected. Andrew Sheets: Martin, it's been wonderful talking with you and while I hope to catch up with you again soon, if we're not talking again in three weeks, it maybe is a good sign. Martijn Rats: Might be. Thank you, Andrew. Andrew Sheets: And thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also, tell a friend or colleague about us today.

The question everyone should be asking themselves right now, this second, is why isn't oil $130 per barrel? Today. Right now. When you look around the world, there are a lot of indications which strongly suggest crude is being drastically underpriced. A lot of it has to do with uncertainty, and I mean that in a very real sense – you don't know if tomorrow the war's over and tanker traffic spools up which means the crude price collapses. But that doesn't fully account for the sheer scale of what's already happened. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. To watch a replay of our webinar, click below. https://youtube.com/live/dkgSJvjWs5M?feature=shareTo take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:https://www.eurodollar.university/webinar-offer----------------------------------------------------------------------------------Hormuz Tracker: Saudi Crude Heads to Pakistan in Rare Transithttps://www.bloomberg.com/news/articles/2026-03-29/hormuz-tracker-saudi-crude-heads-to-pakistan-in-rare-transitThe Strait of Hormuz Oil Shock Is Now Heading Westhttps://www.bloomberg.com/graphics/2026-iran-war-hormuz-closure-oil-shock/Asia's Air Travel Crisis Risks Spreading on Iran War's Jet Fuel Squeezehttps://www.bloomberg.com/news/articles/2026-03-27/air-travel-crisis-risks-spreading-on-iran-war-s-jet-fuel-squeezePressure Mounts on Europe Diesel Supply as Tankers Turn Awayhttps://www.bloomberg.com/news/articles/2026-03-30/tankers-carrying-diesel-toward-europe-change-course-in-atlantichttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Krystal and Saagar discuss oil market chaos, Bibi claims Al-Aqsa threatened, Trump declares regime change victory. Trita Parsi: https://x.com/tparsi?s=20 To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.comMerch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.

President Trump and Defense Secretary Pete Hegseth are demanding “more patriotic” coverage of the widening war in Iran. On this week's On the Media, hear how the Pentagon is cracking down on its publication, Stars and Stripes. Plus, fake AI images of the Iran war are proliferating, and they're getting more convincing. [01:00] Host Micah Loewinger breaks down the calls from the Trump administration for the media to produce “patriotic” coverage of the war in Iran. Plus, a closer look at the reporting by legacy outlets with journalist Minnah Arshad.  Arshad analyzed The New York Times' early coverage of the war, and found that Iranian victims were underrepresented. Next, Micah sits down with scholar Mahsa Alimardani to discuss fake AI images of the Iran conflict, and how AI detection tools are being used to discredit authentic footage. [22:30] Micah speaks with Samantha Gross, the director of the Energy Security and Climate Initiative at the Brookings Institution, to dissect the developing energy crisis being caused by the disruption of oil exports through the Strait of Hormuz. [37:54] Host Brooke Gladstone talks to Erik Slavin, Editor-in-Chief of Stars and Stripes, the independent, award-winning newspaper that has served the military for roughly a century, about the Pentagon's plan to crack down on their reporting and refocus their content away from “woke distractions.”  Further reading / watching: “First Draft: How the Media Manufactures Consent for War,” by Minnah Arshad and Andrew Perez “How AI Content Detection is Being Weaponized in the Iran War,” by Shirin Anlen and Mahsa Alimardani “The Fake Images of a Real Strike on a School,” by Mahsa Alimardani “Why Iran's disruption of the Strait of Hormuz matters,” by Samantha Gross, Caitlin Talmadge, and Melanie W. Sisson “Pentagon says it will ‘refocus' Stars and Stripes content,” by Corey Dickstein On the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing onthemedia@wnyc.org.

As Iran has tightened its chokehold on one of the world's most vital shipping routes and the Trump administration sent mixed signals about how long the war would last, oil prices have swung wildly. Rebecca F. Elliot, who covers energy for The New York Times, explains just how much the world depends on that route — the Strait of Hormuz — and how quickly shutting it down can throw global energy markets into chaos. Guest: Rebecca F. Elliott, who covers energy for The New York Times. Background reading:  How war in the Middle East is choking off the world's oil and gas. A jump in oil prices was a sign of growing concern that the war will continue to take a toll on energy supplies. Photo: Nicolas Economou/Reuters For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.