From Straits to Stoves and Tankers to Tables: Iran, Oil and Climate Trade-Offs in a Crisis

The Iran war and the near-closure of the Strait of Hormuz have triggered a major shock to global oil and LNG markets. 

Roughly 20 million barrels of oil per day normally move through Hormuz. The IEA says nearly all of that has been disrupted.

Oil and gas prices have surged sharply; and the disruption extends well beyond oil as Qatari LNG exports have been largely severed. Asia is especially exposed, since most Gulf energy exports flow there. 

This isn’t just an oil story. It’s a “can people cook dinner” story, a reminder that geopolitics gets real once it enters the kitchen.

In this episode, David, Sara, and Ed unpack what this shock means for global energy markets, the climate, and the pace of the energy transition.

⏱️ TIMESTAMPS
00:17 — Welcome & episode overview
01:54 — How the Iran War is disrupting oil & gas markets
07:28 — 30x induction stove sales in India & accelerating tech adoption
09:38 — AI forecasts say EV sales are rising because of the war?
13:00 — The coming LNG whipsaw: glut or shortage?
16:21 — How much wilder could this get? Escalation risks
17:07 — Global recession risk from tariffs + oil shocks
17:30 — Has the Iran War accelerated peak global emissions?
19:36 — Data centers, energy demand & geopolitics in the kitchen
26:54 — What the war means for Canadian oil, gas & LNG exports
29:49 — Federal-Alberta MOU & pipeline politics
30:52 — The war's legacy: will it help or hurt the energy transition?

References & Notes

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