Iran strikes: Assessing the impact of Middle East escalation

In our continuing coverage of the Iran strikes, Chiranjib Sengupta speaks with Dr. Carole Nakhle, CEO of Crystol Energy and Secretary General of the Arab Energy Club, in the latest episode of the Energy Connects podcast. They discuss the immediate and longer-term implications for global energy markets in view of the hostilities in the region, and Dr Carole shares her assessment of rising oil prices, the role of risk premiums and why markets have, so far, avoided a full-blown crisis. She explains that despite significant volatility and attacks on critical energy infrastructure, underlying market fundamentals including expected supply surplus, OPEC+ spare capacity and strategic reserves have helped contain panic. The discussion also examines potential macroeconomic consequences of the conflict dragging on, highlighting the wider geopolitical and human impact.