Episode Details

Fatih Birol, head of the International Energy Agency, discusses the strategic oil reserves and the urgent need to reopen the Strait of Hormuz, following a recent US strike and ongoing conflict. Despite the largest government crude dump in history, Birol emphasizes the importance of restoring Gulf oil flow to world markets, as the strait carries one fifth of the worlds seaborne crude. Officials warn of a prolonged conflict, with energy trade potentially taking weeks or longer to recover even after peace.

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