The Strait of Hormuz is in a chokehold. The scale of this oil supply disruption has already exceeded the shocks of the 1970s. Sir Richard Dearlove and Rosanna Lockwood sit down with Helima Croft, Managing Director and Head of Global Commodity Strategy at RBC Capital Markets and former senior CIA analyst, to break down what market players are getting wrong, why reopening the Strait is far harder than it looks, and what a Houthi entry into the conflict could mean for the Red Sea.
In this episode:
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3:04 Technical Side of Supply Disruption
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6:11 IEA and Comparison to Russia-Ukraine
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9:32 Alternative Routes for Oil and Gas
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12:08 Russia is the Big Winner
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13:13 Ground Troops Needed to Open the Strait of Hormuz
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17:14 The US Domestic Picture
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21:43 Will Houthis Disrupt the Red Sea?
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27:52 What Market Participants Are Not Understanding
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30:57 Is $200 Barrel Crude Oil Possible?
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33:19 Sir Richard and Rosanna Discussion
Hosted by Sir Richard Dearlove (former MI6 Chief) and Rosanna Lockwood (International Journalist)
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