Prof G Markets Is the Oil Crisis About to Break Global Supply Chains?
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Mar 25, 2026 
Ryan Petersen, Flexport CEO and logistics expert, joins Gil Luria, D.A. Davidson tech analyst. They dig into how oil shocks and a Strait of Hormuz closure could slam freight, energy, fertilizer, prices, and shortages. Then the focus shifts to Anthropic’s Claude tool, software stock jitters, AI’s leap toward autonomous computer use, and suspicious trading around the Iran conflict.
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Why This Crisis Hits Energy More Than Containers
- Ryan Petersen says this is mainly an energy shock, not a classic container-shipping collapse.
- Asia-Europe air cargo rates doubled after Gulf carriers cut capacity, while ocean freight rose about 50% as ships kept avoiding the Red Sea.
Why Hormuz Could Be Worse Than COVID For Energy
- Ryan Petersen argues the Strait of Hormuz matters less for containers than for fuel, fertilizer, and food.
- Only 0.6% of global container ships were stuck there, but bunker fuel jumped 87% and planting season raises the stakes for fertilizer shortages.
How A Jones Act Waiver Averted A Jet Fuel Crunch
- Ryan Petersen uses California and Alaska fuel logistics to show how fragile petroleum supply chains have become.
- The president temporarily waived the Jones Act because Anchorage, a crucial cargo refueling hub, was close to running out of jet fuel.