How High Could Oil Prices Go?

Crude and gas prices are soaring after the closure of the Strait of Hormuz and attacks on regional energy infrastructure amid war in the Middle East. How bad could the energy shock get and for how long? FP columnist Jason Bordoff sits down with Ravi Agrawal to discuss. Bordoff previously served in the Obama administration as a senior director for energy and climate change in the National Security Council. He is also the founding director of the Center on Global Energy Policy at Columbia University. Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Esfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global Economy Jason Bordoff and Erica Downs: How the Iran War Could Consolidate China’s Energy Dominance Keith Johnson: Iran Is Putting a ‘Toll Booth’ in the Strait of Hormuz Nils Gilman: Electrostates vs. Petrostates Keith Johnson: Europe and the U.S. Still Haven’t Choked Off Russia’s Energy Riches Maisoon H. Kafafy: Empty Words Don’t Open Straits Learn more about your ad choices. Visit megaphone.fm/adchoices

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How High Could Oil Prices Go? is an episode from FP's First Person by Foreign Policy.

This episode is 41:48 long.

This episode was published on Mar 26, 2026.

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