The conflict between the US/Israel and Iran has put pressure on global oil supply chains. Major producers in the Middle East include Saudi Arabia and the United Arab Emirates; with the Strait of Hormuz still closed and the US now blockading Iranian vessels, exports have been choked, and production has had to scale down rapidly.
Markets have felt the ramifications, although security of supply looks different across the world. In the newest episode of Energy Technology: Industry Insights, we consider how events since February 28 have transformed Middle Eastern exports, who the winners and losers are in oil, and whether normal supply chains can ever resume.
Speaking on the unpredictable picture are four academics, analysts and experts: Dr Babatunde Anifowose, from the CEES School of the Environment at Coventry University; Daniela Hathorn, senior market analyst at Capital.com; Rinaldo Brutoco, founder and president of the World Business Academy think tank and Paul Hasselbrinck, senior oil and gas analyst at GlobalData. The episode is hosted and produced by Eve Thomas, editor of Offshore Technology.
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