Why the Iran Ceasefire Hasn’t Ended the Energy Crisis

The United States and Iran have agreed to a ceasefire in Iran, and energy markets responded with jubilation — at least initially. Every major Wall Street index surged on Wednesday, and U.S. oil prices fell.

But the actual situation on the ground is far more ambiguous, huge questions remain about the truce, and the Strait of Hormuz is as closed today as it has been since the beginning of the war.

On this episode of Shift Key, Rob is joined by Rory Johnston, a longtime oil analyst, repeat Shift Key guest, and the author of the Commodity Context newsletter. We talk about why Iran gains from extending the ceasefire, where the pressure in the global energy system is building up, and what could happen next. We also talk about why the Midwest has the cheapest gasoline in the world right now.

Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.

You can find a full transcript of the episode here.

Mentioned:

Why the Real Oil Crisis Hasn’t Started Yet

Iran’s planned toll for the Strait of Hormuz is a $2.33 per ton carbon tax

China Is the Big Winner of the Iran Ceasefire

Rory’s previous appearance on Shift Key: Why Trump’s Oil Imperialism Might Be a Tough Sell for Actual Oil Companies

This episode of Shift Key is sponsored by ...

Lunar Energy is building the technology to turn homes into active participants in the power system. Learn more about Lunar’s vision of the future at lunarenergy.com.

Music for Shift Key is by Adam Kromelow.

Hosted on Acast. See acast.com/privacy for more information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(145)

Why This El Niño Looks Like a Monster

Every few years, the Pacific Ocean’s surface waters become especially warm near the equator, a climatic phenomenon known as El Niño.El Niño is a normal part of the climate system, but even in a normal...

12 Aug 47min

The Big — But Fixable! — Problems in America’s R&D Ecosystem

At this point, when you hear “venture capitalist,” you probably think of … software. Or artificial intelligence. Or cryptocurrency.The Engine Ventures, which spun out of MIT a few years ago, is differ...

6 Aug 57min

Permitting Reform, Data Centers, and More With Senator Heinrich and Secretary Granholm

The Democratic Party’s climate and energy policy is at a difficult moment. Over the past year and a half, the Trump administration has attacked solar and wind energy, started an inflationary war, and ...

3 Aug 33min

What a Permitting Reform Deal Could Look Like

There’s really one one good thing that could happen this year in Congress for clean energy: permitting reform. If lawmakers reached a bipartisan deal on the country’s permitting system, they could mak...

29 Jul 1h 18min

What Barbecue Sauce Has in Common With Carbon Removal

Charm Industrial is a climate tech company that takes biomass and converts it into a heavy, carbon-rich oil that can be injected underground, transmuting and storing the greenhouse gas far from the at...

24 Jul 1h 3min

The Company That’s Raised $60 Million to Geoengineer the Planet

For more than 30 years, a heterodox group of scientists have proposed injecting sulfate aerosols into the stratosphere to reflect sunlight away from Earth, thereby cooling the atmosphere and reversing...

15 Jul 1h 1min

The New Paper Arguing Biden’s Power Sector Emissions Cuts Are Largely Intact — Even Under Trump

Wait, is the climate policy landscape … in better shape than it looks?Just over a year ago, President Trump passed the One Big Beautiful Bill Act. It repealed many of the Biden administration’s most a...

6 Jul 49min

Why Meta’s Longtime CTO Is Investing in Climate Tech

It has been a hard few years for climate tech. But we recently got a bright spot: Earlier this month, Gigascale Capital announced it had raised $250 million to build the physical infrastructure drivin...

30 Jun 54min