Bloomberg Intelligence Oil Spikes as Middle East War All But Halts Hormuz Ship Strait
Mar 2, 2026
Edward Price, NYU Iran expert, on regime-change risks and diplomatic fallout. Dr Ariel Cohen, Atlantic Council analyst, on the shifting character of the Iran conflict and Strait of Hormuz security. Ellen Wald, energy analyst and Transversal Consulting president, on oil market shocks, OPEC+ reactions, and tanker/LNG disruptions. Multiple short takes on market and regional security repercussions.
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Asia Faces LNG And Product Price Risks
- Watch for LNG price spikes and refined product shortages in Asia if Gulf shipping remains disrupted.
- Wald highlighted Qatar LNG shutdowns and reliance of China, Japan, South Korea on Middle East products.
Character Of War Has Shifted To Leadership Strikes
- Modern warfare now targets leadership quickly and stresses securing sea lanes like Hormuz to maintain global energy flows.
- Dr. Ariel Cohen emphasized narrow strait vulnerability and the high share of oil/LNG transiting Hormuz.
Weapon Expenditure Drives Defense Demand
- High expenditure on munitions and air defenses increases strategic demand for defense suppliers.
- Dr. Ariel Cohen noted expensive missile defense, rockets and need for strategic stockpiles across theaters.