Best Podcasts on Iran's Crisis & Oil Prices

“This is the first time the Strait of Hormuz has ever been blocked. We're looking at a 98% reduction in traffic, which conservatively means that 15 million barrels a day are not getting out. So there's already enough damage to cause a global energy-induced recession, even if this stops right now... we're already in a global recessionary environment starting point.”

“When oil prices rise, the price of everything rises because goods cost money to ship. And ideally, you want the shipping cost to be as low as possible. But when transportation fees are jacked up because oil prices are up, then everything costs more. Secondly, that is only compounding on the healthcare that millions of Americans are lacking after the ACA subsidies expired.”

“Oil prices rose 9% to close above $100 a barrel for the first time since 2022, after Iran's new Supreme Leader and President Trump indicated the conflict would not end soon. Meanwhile, President Trump downplayed rising oil prices and said defeating Iran was of far greater interest and importance. At the same time, his administration does seem to be making efforts to stave off an energy crisis.”

“This massive global crisis has been unleashed by Donald Trump and his despicable regime right now. And the people of Iran more entrenched against Trump and this regime than ever before. And what's Donald Trump doing again? He was walking around Doral, his resort in Miami, Florida yesterday, golfing and sending messages like this. This is a real post from Donald Trump last night.”

“Iran immediately going to impede flow through the Straits of Hormuz, launching attacks at all of their neighbors, even those completely uninvolved in this conflict, just illustrates why it's so important to defang this regime. It's been the greatest supporter of terrorism in the world. The greatest killer of American soldiers over the last 20 years has been Iran. And we haven't fought a conflict against them until this.”

“Today, crude oil prices settled around ninety six dollars a barrel, up forty two percent since the start of the war. A separate benchmark for oil prices in Europe settled above one hundred dollars today for the first time since August of twenty twenty two. President Trump now arguing rising prices are not a bad thing, saying in a post on social media that when oil prices go up, quote, we make a lot of money from domestic oil production and going on to say that it's more important to stop Iran from having nuclear weapons.”

“Iran says we're not going to end this anytime soon. They said, one, we want reparations, full compensation for all damages that have been caused to Iran. And number two, we want full U.S. withdrawal from the Persian Gulf. If those two things don't happen, we're not going to stop the Shahid drones. We are not going to stop blocking the Strait of Hormuz. They're going to wait until the oil goes up to $200 a barrel.”

“My expectation is that will be a short-term spike. I don't expect this conflict to last more than a couple of weeks, and I think you'll see gasoline prices drop back down. And I will note President Trump has a lot of credibility on this. When he came in, we were seeing gasoline prices across the country, in some places, $6, $7 a gallon, and those prices have dropped all but in half.”

“As the conflict between the U.S., Israel, and Iran intensified over the past two weeks, tanker traffic through that narrow waterway is nearly ground to a halt. And as we've been tracking, the regime has been threatening commercial shipping with missiles and drones since well before the conflict began. And now that's come to fruition in recent days with at least three tanker attacks.”

“But Trump is basically coming in and saying, hey, look what we've done in 10 days. do not do it. Do not close those Straits of Hormuz. Here's a bit more on Trump talking about gas prices because obviously oil went up a tiny bit and already within basically within 24 hours it's on its way down. But here's Trump. Operation Epic Fury. We're also focused on keeping energy and oil flowing to the world.”

“At the start of the week, oil prices skyrocketed after Iran effectively closed the Strait of Hormuz... Trump's energy secretary, Chris Wright, took to Twitter to announce that the U.S. Navy, quote, successfully escorted an oil tanker... That single tweet sent the price of oil tumbling back to earth... But then, just 10 minutes later, Secretary Wright suddenly deleted the tweet... the White House then confirmed that the Navy did not escort any tanker through the strait.”

“Threats from Iran have bottled up oil in the Persian Gulf, and suppliers are shutting down operations because their storage facilities are full. The average price of gasoline in the U.S. has jumped nearly 60 cents a gallon since Trump launched attacks against Iran. As Morgan Phillips of Fox News notes, naval mines are cheap, as little as a few thousand dollars, and can incapacitate or sink a $2 billion U.S. destroyer.”

“Khomeini vowing to keep the Strait of Hormuz closed, saying the move is necessary to, quote, pressure the enemy. Khomeini also warning that all U.S. military bases in the region should be shut down as Iranian forces prepare possible attacks. Those comments coming just a day after a spokesman for the Iranian military threatened to drive oil prices as high as $200 per barrel.”

“Donald Trump allowing Russia to dump its oil and helping enrich Putin, the price of crude is still going up significantly. Trump taking off Russian oil sanctions was supposed to bring down oil prices, Donald Trump thought, to balance out the negative of Putin's war machine, gaining an immediate tens of billions. But just look at it. The price of gas rose immediately.”

“Iran is saying that their goal is to drive oil prices to $200 per barrel. They're saying our goal is to make you suffer economically. This is a war of attrition and we're not going to stop. The details include Iran saying that U.S. will not be able to control oil prices. We won't allow even one liter of oil to reach the U.S., Israel and its partners.”

“There has been massive volatility over the last five trading days... Brent crude oil spiked to 84 on Friday... jumped back up to 100 after three commercial ships were hit in the strait... Goldman Sachs is out today with some analysis... they raised their PCE inflation forecast from 2.1 to 2.9... they lowered their GDP forecast by 30 basis points for the year.”

“Trump, for his part, has tried to just pretend the problem doesn't exist. That's his way. He has repeatedly called on oil carriers to just show some guts and go through the Strait anyway, without an escort. Here he was when asked about the situation in the Strait of Hormuz. Here's what he said just last night. and now we're going to look very strongly at the straits the straits are in great shape we've knocked out all of their boats they have some missiles but not very many i think we're in very good we're in very good shape are we now i mean boats aren't going through there oil is not going through there he just said everything's fine the straits are in great shape well this is what it looked like last night when two oil tankers tried to, quote, show some guts. Both ships erupted in balls of fire after being attacked by Iran.”

“But if the strait is mined, it would be a disaster for shipping. And if shipping is shut down in the Strait of Hormuz, the oil producers in Kuwait, Saudi Arabia, Qatar, Iraq, they can't ship their petroleum products out. They will have to either further cut production or fully stop production in ways that could permanently impact supply.”

“One that has sort of gained this popularity out there, and some commentators talk about it, is seizing Iran's main export terminal for oil, which is on this little island that sits off the coast of Iran called Karg Island. You probably heard about it in the news at this point. that's where all the ghost tankers all these black market oil tankers load up the oil from iran and bring it across the strait of hormuz and on to china in violation of u.s sanctions by the way it's actually still happening right now.”

“Iran is basically giving us the middle finger saying yeah you know what We're not negotiating and we'll stop and we'll be done when we say it's done. I mean, you know, it's it's it's not just it's reckless. It's dangerous. It's inhumane... And the ramifications are being felt by everybody, both economically, but in real terms, the cost of human lives, not just American lives, but again, these children in Iran and others.”