Iran war stifles shipping through Hormuz: ‘Unprecedented’ fallout for oil markets & global economy
François Picard is pleased to welcome Jon Marks, Author, Political Scientist and Chairman / Founder of Cross-border Information. As someone who has followed energy markets for decades, Mr. Marks warns we are in uncharted waters: the current crisis does not neatly resemble any of the previous shocks. Analysts instinctively search for historical parallels: the oil shocks of the 1970s, the tanker wars of the 1980s, or the market upheaval following Russia’s invasion of Ukraine in 2022.
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