Podcast Episode
Join Aaron David Miller as engages Admiral McRaven in a wide-ranging discussion of the state and fate of the American republic at home and abroad, on Carnegie Connects.
Aaron David Miller, Admiral William H. McRaven
Podcast Episode
Crude Diplomacy: Oil and the Iran War
Join Aaron David Miller as he engages Helima Croft on the Iran War, the crisis in the Strait of Hormuz, and the future of oil and hydrocarbons, on Carnegie Connects.
Published on Apr 7, 2026
More than one month in, the United States and Israel’s war against Iran has resulted in what the International Energy Agency termed the “largest supply disruption in the history of the global oil market.” Iran’s ability to control what passes through the Strait of Hormuz has disrupted a fifth of the world's daily oil supply, along with the flow of other commodities such as helium, liquid natural gas, and fertilizer, adding to inflationary pressures globally. Prospects for a diplomatic exit look bleak and military options to fully open the Strait presents formidable challenges. So, what does the current crisis portend for the global supply of oil and hydrocarbons? Who are the big winners and losers as the world tries to adapt to energy market disruptions? And what lessons, if any, can be drawn from the unfolding crisis?
Join Aaron David Miller as he engages Helima Croft, head of Global Commodity Strategy and Middle East and North Africa (MENA) Research at RBC Capital Markets, on the current crisis and the future of oil and hydrocarbons, on Carnegie Connects.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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