From Straits to Stoves and Tankers to Tables: Iran, Oil and Climate Trade-Offs in a Crisis
About this episode
The episode discusses the impact of the Iran war and the Strait of Hormuz closure on global oil and LNG markets.
The Iran war and the near-closure of the Strait of Hormuz have triggered a major shock to global oil and LNG markets. Roughly 20 million barrels of oil per day normally move through Hormuz. The IEA says nearly all of that has been disrupted. Oil and gas prices have surged sharply; and the disruption extends well beyond oil as Qatari LNG exports have been largely severed. Asia is especially exposed, since most Gulf energy exports flow there. This isn’t just an oil story. It’s a “c...
Topics covered
- Iran war
- oil markets
- LNG markets
- energy exports
- climate trade-offs
- global economy
Keywords
- Iran
- oil
- LNG
- Strait of Hormuz
- energy exports
- climate
- global markets
Mentioned in this episode
Organizations: IEA, Qatari LNG
Places: Iran, Strait of Hormuz, Asia
More episodes of Energy vs Climate: How climate is changing our energy systems
- The Hosts in the Hot Seat: Turning the Tables on Ed and Sara
- EvC BONUS | Fire Weather: John Vaillant on the New Era of Extreme Fire
- The Hidden Power Bill of Artificial Intelligence with MIT's Vijay Gadepally
- Understanding China's Energy Transition: Experts Weigh In | Andrew Light, Jeremy Wallace, Christina Pan, and Hong Li
- Alberta’s Energy Transition: Economics, Emissions, and the Hard Trade-Offs (LIVE)
- Aviation vs Climate: Can Sustainable Flight Take Off? with Sebastian Eastham
Explore listener stats, chart rankings, contacts and more on the Energy vs Climate: How climate is changing our energy systems podcast page.