Podcast
The Pain Factor
🎧 Why markets anticipate a long Hormuz closure
Iran
Deep dive
Strategic shock in the Middle East
Iran, the Gulf, and the crisis of regional order
Chart Deck
War in Iran convulses energy markets
Hormuz closure and Qatar LNG shut-in trigger extreme volatility in gas, LNG and freight charter rates. The outlook is dire, especially for Europe, but not unremittingly so.
Deep dive
War profits, quantified
As Middle East regional war upends global gas markets, US LNG exporters and traders stand to pocket a multi-billion-dollar windfall
Hot take
Iran: US Energy Dominance laid bare
Trump’s war of choice is a bonanza for US LNG exporters, and a catastrophe for everyone else
Deep dive
Hormuz on the brink?
Gunboat diplomacy, commodity shocks, and the price of escalation
Hot take
Don’t forget the macro!
HOT TAKE: Oil and gas prices will surge on Monday’s market open. But this won’t mark a structural shift.