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Energy price shock as US-Israel war on Iran continues

Saudi oil firm Aramco warns of "catastrophic consequences" if oil routes remain shut. And the CEO of Maersk speaks about the shipping industry's response to US/Israel war on Iran.

The world's biggest producer of crude oil, the Saudi firm Aramco, has warned of "catastrophic consequences" if the Straits of Hormuz is blocked for an extended period of time. But as war rages in the middle east, and attacks on shipping severely reduce the transportation of oil and gas, Saudi Arabia’s East-West oil pipeline has emerged as a critical piece of infrastructure in the global energy system.
The CEO of Maersk speaks about the shipping industry's response to US/Israel war on Iran.
And Leanna Byrne hears from India where a shortage of LPG is causing headaches for the food preparation industry.

Release date:

22 days left to listen

9 minutes

Podcast