Zero: The Climate Race War with Iran is a nightmare for oil and gas. What does it mean for clean energy?
39 snips
Mar 3, 2026 
Jason Bordoff, director at Columbia’s Center on Global Energy Policy and former White House energy adviser, breaks down energy geopolitics. He talks about how the Iran war affects oil and gas markets. He explores risks for LNG and gas-dependent countries. He examines clean-tech supply chain vulnerabilities and how EVs change oil demand.
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Unclear War Aims Raise Energy And Political Risks
- The US strikes on Iran created huge uncertainty about objectives and escalation risk.
- Jason Bordoff highlights unclear aims (regime change vs nuclear prevention) and the political cost of not explaining troop deployments.
War With Iran Threatens Global Oil Supply
- Military action against Iran is likelier to reduce, not increase, available oil supply.
- Bordoff notes Iran was already producing near historic levels, so conflict risks disrupting exports and raising global prices.
Why Oil Prices Didn’t Skyrocket Immediately
- Oil prices rose modestly despite the crisis because markets are better supplied and resilient to disruptions.
- Bordoff cites spare capacity, OPEC+ production increases, strategic stocks, and market desensitization to conflicts.