Could Gulf states enter the conflict?

This end of the week edition of the Daily Energy Markets Podcast reviews the second week of the U.S.–Israel war with Iran as oil stabilises near $100 after extreme volatility. Mike McGlone warns the energy shock could trigger recession; Peter McGuire highlights Asian market vulnerability and trading volatility; Carole Nakhle assesses geopolitical risks; and David Elward tracks soaring physical oil and jet fuel prices.