Plugged In: the energy news podcast Hormuz on the Brink, Energy Markets in Shock [Special episode]
Mar 3, 2026
Henning Gloystein, Eurasia Group analyst on energy markets; Dan Marks, RUSI energy security specialist; Hussein Ibish, Arab Gulf States Institute scholar on Middle East strategy. They discuss threats to the Strait of Hormuz, shipping disruption methods, risks to Qatar’s LNG and European gas exposure. Short-term market shocks, worst-case supply losses, and political escalation scenarios are explored in multiple fast-paced segments.
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20 Percent Of Global Energy Was Suddenly Removed
- The attack effectively removed about 20% of global LNG and crude flows by disrupting the Strait of Hormuz and Qatari shipments.
- Laurence Walker highlighted 55% intraday jumps and three-year highs in European gas after the weekend outages.
Iran Would Threaten Shipping Not Permanently Block It
- Iran is unlikely to physically blockade the Strait of Hormuz because it depends on it for its own exports and imports.
- Hussein Ibish explained Iran will instead threaten shipping, raising insurance costs and pushing ships to reroute around the Cape of Good Hope.
Houthi Harassment Shows How Maritime Extortion Works
- Hussein Ibish compared Iranian threats to past Houthi harassment in Bab al-Mandeb that extorted shippers and forced reroutes.
- He described shippers paying up and the Houthis receiving payoffs, illustrating how maritime extortion plays out.