March 31, 2026

Strait Talk: Crisis in the Gulf

28 minutes

At week 5 of the US-Iran war, disruption in the Strait of Hormuz has removed more than 10 million b/d from global supply and pushed oil markets into extreme volatility. In this special edition update, our Middle East team breaks down the latest developments and what they mean for exports, prices and regional stability.

Tom Reed (VP - China, Crude and Oil Products) joins our Dubai‑based experts Nader Itayim (Middle East Editor) and Bachar Halabi (Senior Correspondent) for a focused briefing on the crisis shaping global energy.

Listen to discover:

What the latest military movements signal.

Oil market impact: Where production has been lost — and why it matters.

Damage assessment: How long it may take for fields and refineries to recover.

Logistics disruption: The challenges of restarting flows through Hormuz.

And much more

The Strait of Hormuz is the world’s most critical oil corridor. With flows severely constrained and repairs expected to take months - if not years - this episode delivers the essential insight market participants need now.

Please note this, podcast was recorded on 30 March - Keep up-to-date with the latest market developments here

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