On Saturday, February 28, Israel and the US started a wave of attacks on Iran, rocking the energy markets. As of Thursday, commercial traffic through the crucial Strait of Hormuz remained virtually nonexistent and production shut-ins are looming for the Gulf. We explain the importance of the region for global energy, summarize latest development and discuss the range of options that have been proposed to ease the crisis.

Speakers:

Natasha Kaneva, Head of Global Commodities Research

Otar Dgebuadze, Global Natural Gas Research

This podcast was recorded on March 6, 2026.

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