Oil, Private Credit, and A.I.

Oil, Private Credit, and A.I.

From Tea and Crumpets by Will Brown and Adam Eagleston

March 11, 2026 · 1h 0m · Episode 97

About this episode

The episode discusses the intersection of geopolitics, energy markets, and financial risks, focusing on the impact of the Iran-Israel conflict, vulnerabilities in private credit, and the economic implications of artificial intelligence.

In this episode of Tea and Crumpets, Adam Eagleston and Will Brown examine a rapidly evolving global environment where geopolitics, energy markets, and structural risks in finance are colliding. The discussion begins with the escalating conflict involving Iran and Israel and the immediate shock to global oil markets, where prices surged dramatically before partially retracing. Adam and Will explore how disruptions to Middle Eastern energy infrastructure and shipping routes could tighten global supply, increase inflation pressure, and complicate monetary policy decisions for the Federal Reserve. The conversation then shifts to deeper vulnerabilities within financial markets. The hosts highlight growing concerns in private credit, where opaque lending structures and redemption pressures are beginning to surface across large institutional funds. They discuss how these off-balance-sheet lending vehicles have expanded rapidly and may introduce systemic risk if underlying assets are forced to be repriced. Adam and Will also analyze the economic impact of artificial intelligence, particularly its potential to disrupt employment and reshape the software sector. While AI could improve…

People in this episode

Hosts: Adam Eagleston, Will Brown

Topics covered

Keywords

Mentioned in this episode

Organizations: Federal Reserve

Products: artificial intelligence

Places: Iran, Israel, Middle Eastern

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