The Iran war revealed that China has a new energy weapon
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The Iran war revealed that China has a new energy weapon
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The Middle East conflict is now in its fifth month, deepening the oil and gas supply shock. Early in the war, analysts worried that the oil price would rise to $200 a barrel, causing a global recession and widespread panic, but that didn’t happen. This week on Zero, Akshat Rathi is joined by Bloomberg Opinion columnist Javier Blas to discuss why oil prices stayed around $100 per barrel and why the war is the start of a new paradigm in energy politics.
Explore further:
- Javier Blas’ columns
- The Global Oil Cushion Isn’t Really Hitting ‘Tank Bottoms’
- Another Critical Oil Waterway Is About to Close
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Summer Maxwell, Sommer Saadi, Alyssa McDonald and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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