Bloomberg Talks Hartree Partners Special Advisor Edward Morse Talks Oil & Gas Prices
Mar 9, 2026
Edward Morse, senior adviser at Hartree Partners and energy markets expert, assesses how the Iran war and Strait of Hormuz disruptions threaten global oil and gas. He discusses potential shifts toward cleaner energy, how long supply disruptions might persist, market complacency vs. real risk, and scenarios that could drive big price spikes.
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Crisis More Serious Than Any Gulf Event Since 1970s
- Edward Morse ranks the current Iran war as more serious than any Gulf incident since the early 1970s.
- The Strait of Hormuz disruptions and repeated Gulf wars make this conflict uniquely impactful compared with past post-1990 events.
Countries Accelerate Clean Energy To Reduce Middle East Reliance
- Major importers like China and Europe are accelerating clean energy pushes to reduce Middle East dependence.
- China is doubling down on clean energy and Europe is revisiting green targets as a direct response to supply risks.
Gulf Gas Shortfall Is Driving Global Price Spike
- Disruptions to Gulf gas supplies have already driven global gas prices sharply higher due to heavy reliance on Qatar and the UAE.
- About 20% of internationally traded gas comes from Qatar and the UAE, and those flows can't restart for at least a month.