How High Could Oil Prices Go?

How High Could Oil Prices Go?

From Foreign Policy Live by Foreign Policy

March 26, 2026 · 42 min

About this episode

Jason Bordoff discusses the implications of rising oil prices due to geopolitical tensions in the Middle East.

Crude and gas prices are soaring after the closure of the Strait of Hormuz and attacks on regional energy infrastructure amid war in the Middle East. How bad could the energy shock get and for how long? FP columnist Jason Bordoff sits down with Ravi Agrawal to discuss. Bordoff previously served in the Obama administration as a senior director for energy and climate change in the National Security Council. He is also the founding director of the Center on Global Energy Policy at Columbia University. Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Esfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global Economy Jason Bordoff and Erica Downs: How the Iran War Could Consolidate China’s Energy Dominance Keith Johnson: Iran Is Putting a ‘Toll Booth’ in the Strait of Hormuz Nils Gilman: Electrostates vs. Petrostates Keith Johnson: Europe and the U.S. Still Haven’t Choked Off Russia’s Energy Riches Maisoon H. Kafafy: Empty Words Don’t Open Straits Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Ravi Agrawal

Guest: Jason Bordoff

Topics covered

  • oil prices
  • energy crisis
  • Middle East conflict
  • global economy
  • energy policy

Keywords

  • oil prices
  • energy shock
  • Strait of Hormuz
  • Middle East
  • energy infrastructure

Mentioned in this episode

Organizations: Center on Global Energy Policy, Columbia University, Obama administration

Places: Strait of Hormuz, Middle East

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