Ep 31 - Oil, iron, and idle money: what the war is really doing to Southeast Asia
Start with a sliver of water between Iran and Oman. On a normal day, roughly a fifth of the world’s oil moves through the Strait of Hormuz. This year it stopped being normal. When the strait seized up, Brent jumped 10 to 13 percent in a single session into the low 80s and kept climbing to the highest level since 2022. The International Energy Agency, which does not deal in drama, called it the largest supply disruption in the history of the global oil market.
I am not here to cover the politics. I am here to follow the power. Because that one shock shows up three times in the Southeast Asian…
The skinny
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