About this episode

The episode discusses the potential global energy shock following the US-Israeli strike on Iran and its implications for oil and gas traders.

Oil and gas traders are confronting a potential worst-case scenario after the US-Israeli strike on Iran Saturday: the Strait of Hormuz is effectively paralyzed, Saudi Arabia’s largest refinery is shut and Iran has hit Qatar’s giant liquified natural gas export facility. On this week’s episode of Trumponomics , host Stephanie Flanders speaks to  Bloomberg Opinion columnist Javier Blas and Ziad Daoud, chief emerging markets economist for Bloomberg Economics. Together they unpack the unsettlingly wide range of outcomes from the war, and how Russia will gain economically the longer the conflict continues. Read more:  https://www.bloomberg.com/opinion/articles/2026-03-04/iran-war-the-most-precious-commodity-is-water-not-oil See omnystudio.com/listener for privacy information.

People in this episode

Host: Stephanie Flanders

Guests: Javier Blas, Ziad Daoud

Topics covered

• global energy crisis
• oil and gas trading
• Middle East conflict
• economic impact of war
• Russia's economic gain

Keywords

• energy shock
• oil prices
• gas traders
• Iran conflict
• Saudi Arabia refinery
• Qatar LNG
• Russia economy

Mentioned in this episode

Organizations: Bloomberg

Places: Iran, Saudi Arabia, Qatar, Strait of Hormuz

More episodes of Trumponomics

• Will Mythos Ruin or Save the Global Financial System? · April 21, 2026 · 27 min
• How Trump’s Tariffs Plus Iran War May Help US Manufacturing · April 15, 2026 · 33 min
• The Long-Term Global Economic Damage From the War With Iran · April 8, 2026 · 23 min
• How China Is Winning the War With Iran · April 1, 2026 · 32 min
• Iran’s Lesson for Trump in Economic Warfare · March 25, 2026 · 24 min
• AI Is Being Built to Replace You—Not Help You · March 18, 2026 · 36 min

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