Crude Diplomacy: Oil and the Iran War
About this episode
The episode discusses the impact of the U.S. and Israel's war against Iran on the global oil market and the challenges of military and diplomatic solutions.
More than one month in, the United States and Israel’s war against Iran has resulted in a massive disruption of the global oil market. Iran’s control of the Strait of Hormuz has disrupted a fifth of the world's daily oil supply, along with the flow of other commodities such as helium, liquid natural gas, and fertilizer. Prospects for a diplomatic exit look bleak and military options to fully open the Strait presents formidable challenges. So, what does the current crisis portend for the global supply of oil and hydrocarbons? And what lessons, if any, can be drawn from the unfolding crisis? Join Aaron David Miller as he engages Helima Croft on the current crisis and the future of oil and hydrocarbons, on Carnegie Connects.
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