Worse than expected? Why Iran could trigger a major energy shock
Episode description
The attack on Iran and its consequences have sent shockwaves around the global economy, hitting stock markets, airlines and energy supplies. UK gas prices have nearly doubled and the flow of a fifth of the world’s crude oil supply - which travels through the Strait of Hormuz in tankers - has largely ground to a halt.
As the ripple effect is felt across the world, how harsh will the economic fallout be, will inflation - only just under control - rise? And, with gas and oil stores in Europe limited, might there be a major energy shock ahead?
Presenters:
- Dominic O’Connell, columnist and business presenter, Times Radio
- Hannah Prevett, associate business editor at The Sunday Times
Guest:
- Richard Fletcher, business editor, The Times
- Dr Amrita Sen, Founder and Director of Market Intelligence at Energy Aspects
Read more: Markets complacent over surge in oil price, warns analyst
Producer: Miriam Hall
Senior Producer: Julia Johnson
Executive Producer: Kate Ford
Photo credit: Getty
Get in touch: thebusiness@thetimes.com
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