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Zero: The Climate Race · Thursday · 43 min

The Iran war revealed that China has a new energy weapon

The Middle East conflict is now in its fifth month, deepening the oil and gas supply shock. Early in the war, analysts worried that the oil price would rise to $200 a barrel, causing a global recession and widespread panic, but that didn’t happen. This week on Zero, Akshat Rathi is joined by Bloomberg Opinion columnist Javier Blas to discuss why oil prices stayed around $100 per barrel and why the war is the start of a new paradigm in energy politics. Explore further: Javier Blas’ columns The Global Oil Cushion Isn’t Really Hitting ‘Tank Bottoms’ Another Critical Oil Waterway Is About to Close Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Summer Maxwell, Sommer Saadi, Alyssa McDonald and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green. See omnystudio.com/listener for privacy information.

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The Middle East conflict is now in its fifth month, deepening the oil and gas supply shock. Early in the war, analysts worried that the oil price would rise to $200 a barrel, causing a global recession and widespread panic, but that didn’t happen. This week on Zero, Akshat Rathi is joined by Bloomberg Opinion columnist Javier Blas to discuss why oil prices stayed around $100 per barrel and why the war is the start of a new paradigm in energy politics.

Explore further:

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Summer Maxwell, Sommer Saadi, Alyssa McDonald and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

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