Gulf Intelligence Podcasts PODCAST: Daily Energy Markets- June 18th
Jun 18, 2025
Rachel Ziemba, a Jung Fellow at the Center for a New American Security, and Henning Gloystein, Head of Energy at Eurasia Group, dive into the escalating Israel-Iran conflict and its ripple effects on global energy markets. They discuss U.S. foreign policy decisions and potential military involvement, as well as how traders are adjusting to fluctuating oil prices. The conversation highlights the delicate interplay between geopolitical tensions, Asian nations' responses, and the broader implications for energy stability.
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Europe's Limited Role in Conflict
- Europe is mostly sidelined in the Israel-Iran crisis, hoping to avoid escalation.
- The U.S., Israel, and Iran are key players controlling the conflict's trajectory, limiting Europe's influence.
Oil Market Finds Base Amid Crisis
- Oil market hit $78.50 on crisis panic but found stable base around $75-$80 per barrel.
- Market awaits summit outcomes with risk of quick correction if resolution occurs.
GCC Caught Between Loyalties
- GCC states publicly condemn Israeli strikes, expressing solidarity with Iran despite prior close ties.
- GCC's delicate position reflects regional balancing as U.S. decision on deeper involvement looms.