Crude and oil products markets shaken by major conflict in the Middle East

About this episode

This episode discusses the impact of the ongoing conflict in the Middle East on global oil markets and supply chains.

US and Israeli strikes on Iran since Feb. 28 have led to a major regional conflict, which has rocked geopolitics and resonated across the global oil supply chain. Vessel transits across the vital Strait of Hormuz have been stunted, while physical and financial oil markets have seen a major uptick in volatility. In this episode of the Platts Oil Markets podcast, Herman Wang is joined by Lauren Holtmeier , Ada Taib , and Gary Clark to discuss the latest developments on the ground from the Middle East, in addition to the wider knock-on impacts for crude oil markets in Asia and refined products dynamics in Europe. Related content: FACTBOX: Oil prices surge as energy facilities hit in Middle East war Hormuz oil traffic still at standstill despite US insurance pledge (Subscriber content) Oil derivatives price action climbs amid ongoing Middle East conflict (Subscriber content) US Navy to begin escorting oil tankers through Strait of Hormuz: Trump (Subscriber content) PCAAS00 – Dated Brent (Subscriber content) PCAAT00 – Dubai Mo01 (Subscriber content) PJAAU00 - Jet CIF NWE Cargo (Subscriber content) AAEBS00 - Brent-Dubai at London MOC EFS Mo01 (Subscriber content) DEFSM02 - Brent Dubai…

People in this episode

Host: Herman Wang

Guests: Lauren Holtmeier, Ada Taib, Gary Clark

Topics covered

• Middle East conflict
• oil markets
• geopolitics
• oil supply chain
• volatility
• crude oil
• refined products

Keywords

• oil prices
• geopolitics
• Strait of Hormuz
• crude oil markets
• refined products
• volatility
• Middle East

Mentioned in this episode

Organizations: US Navy

Places: Iran, Strait of Hormuz

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