Columbia Energy Exchange

As the US-Israeli military campaign against Iran enters its third week, the complexities of the global energy landscape are deepening by the hour. Shut-ins of Middle Eastern upstream oil production are now approaching 10 million barrels per day, 20% of the world's liquefied natural gas remains shuttered, and the Strait of Hormuz is effectively closed to normal maritime traffic. And while a historic 400-million-barrel release from the US Strategic Petroleum Reserve helped blunt oil prices from rising further over a hundred dollars per barrel, flow rate limitations mean such stockpiles may only meet one fifth of the ongoing daily disruptions. In this episode of the Iran Conflict Brief, host Daniel Sternoff sits down with Richard Nephew to give an update on the latest events in Iran. They provide an analysis of the ongoing military strikes, including the recent US targeting of Kharg Island and Iran's retaliation against the UAE's Fujairah port. Richard is a senior research scholar at the Columbia Center on Globa