The war in Iran has sent shockwaves through global energy markets, pushing oil and gas prices higher and raising concerns about long-term supply disruptions. IEA Executive Director Fatih Birol tells Chrystia Freeland that even if the Strait of Hormuz reopens soon, damage to more than 80 energy facilities could take years to repair, keeping markets volatile. IMF Managing Director Kristalina Georgieva has warned that the imbalance between supply and demand, combined with infrastructure damage, could have lasting economic consequences. The result is a growing risk not just for energy prices, but for inflation, food costs, and economic stability worldwide.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
The latest financial news and market analysis, direct from Bloomberg TV, it is distributed globally, reaching over 310 million homes worldwide….brought to you by SloppBoxx.
Higher oil and natural gas prices will force the global south countries to pivot to the independence of domestic renewable energy sources like solar, wind turbines and geothermal energy.
Subsequently, the transition to renewable energy will not be made because of environmental altruism but due to the Financial Markets.
Renewable energy is cheaper and safer to use than the geopolitical cost of oil and natural gas
MORE BS .
Sounds like China and Russia win. Thanks trump!
… end of MAY?!😮
I love my electric car even more now
how do you get your leccy? coal, gas or nuke power….
Wtf do they have that criminal Freeland at bloomberg? Shes a dirty corrupt liberal from Trudeaus criminal organization!!! 🖕🖕😡😡
She ruined my country. Graph our gdp to the states over 12 years. Thanks for nothing you bag of wind.