Subscriber Exclusive: How Bad Could the Global Energy Shock Get?

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Energy prices have shot up following an Iranian strike on a crucial gas field in Qatar, in addition to Israeli and U.S. attacks on Iranian oil infrastructure and the effective closure of the Strait of Hormuz. Prices for Brent crude, the main benchmark for oil, have jumped by about half since the start of the war—and by about three-fourths since the start of the year. How high could energy prices get, and for how long? Even if the war ends, what would it take for normal service to resume and the global energy shock to subside?

Jason Bordoff, a Foreign Policy columnist and the founding director of the Center on Global Energy Policy, joined FP Live to explore the dynamics shaping the energy markets. Bordoff previously served as a senior director for energy and climate in the National Security Council under the Obama administration. 

Highlights from Jason Bordoff

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An Iranian civil defense member walks next to a destroyed fuel tanker following an overnight airstrike on the Shahran oil refinery in Tehran on March 8.

How High Could Energy Prices Go?

Jason Bordoff on the winners and losers from conflict in the Middle East.

Q&A  |  Ravi Agrawal

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How Bad Could the Global Energy Shock Get?

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