Episode Details

A naval blockade on Iran could turn supply shocks into $150‑delivered oil and $5–$6 gas at the pump. (Original episode ≈40 minutes condensed to 10 minutes.) Hosts Krystal Ball and Saagar Enjeti sit down with Rory Johnson of Commodity Context to explain how interdiction language, floating storage, and tanker routing are already reshaping physical oil markets. Learn the brutal supply math (13–15 million b/d at risk), why futures and physical prices are diverging, and what that means for gasoline, diesel, jet fuel, freight, and inflation. The summary covers implications for Asia’s refineries, airline routes and jet‑fuel shortages, fiscal pressure from subsidies, and how tighter shipping lanes limit central‑bank flexibility. Keywords: oil, gas prices, Iran, naval blockade, shipping lanes, inflation, energy security, commodity markets. Listen now to get the key ideas in minutes.