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Young: Prolonged War Will Lead to High Gas Prices

The Iran war has put energy assets at risk in the Middle East. Limited oil price surges signal that traders are betting on a short conflict but a lengthy disruption threatens to cause chaos across markets. Meanwhile Tehran is threatening a full closure of the Strait of Hormuz and has struck various US Embassies. Karen E. Young, Senior Research Scholar at Columbia University's Center on Global Energy Policy spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the effects of the regional instability on oil & gas.

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Bloomberg

Svelland's Wiggen: Market Not Prepared For GCC Attacks

Energy markets weren't prepared for attacks on GCC countries by Iran, as part of the retaliation against strikes from the US and Israel, says Svelland Capital Director Nadia Martin Wiggen. Discussing the strait of Hormuz, a key shipping lane for energy, she says that key impact will be on LNG, and that stockpiles are currently low as we're coming out of the winter period. She spoke about the latest market moves with Vonnie Quinn on Bloomberg Brief.

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Bloomberg

Market Not Pricing In Prolonged Hormuz Closure: Fiotakis

Themos Fiotakis, Barlcays' FX strategy and emerging markets macro strategy global head, says markets have not fully priced in the implications of a possible closure of the Strait of Hormuz of more than a couple of weeks. "I don't think we're priced yet either in terms of commodity prices or in terms of the implications of higher commodity prices," he tells Bloomberg Television. Fiotakis also discusses inflation worries amid continuing conflict in the Middle East.

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Bloomberg

AlFaisal: Provocative Step by Iran to Get GCC Response

Saudi Arabia has been pulled deeper into the widening regional war after Iran stepped up strikes on the Kingdom. Drones targeted Aramco facilities who then shut the country's largest oil refinery. Prince Turki AlFaisal Former Saudi Arabian Ambassador to the US & Chairman of the Board, King Faisal Center for Research & Islamic Studies spoke exclusively to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the Iranian escalation & whether regime change is the answer.

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Bloomberg

Leaf: Arab Nations & Iran Relations Badly Damaged

Iran's war has entered day 4 with multiple strikes across the Gulf nations & attacks on various US Embassies. President Donald Trump said the US will hit back, but it remains unlikely he will put boots on the ground. This comes as the UAE and Qatar privately lobby allies to help persuade the President to reach for an off-ramp that would keep US military operations against Iran short. Barbara Leaf, Former United States Assistant Secretary of State for Near Eastern Affairs and Former US Ambassador to the UAE spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the likely end of the escalation.

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