Worse than expected? Why Iran could trigger a major energy shock

The attack on Iran and its consequences have sent shockwaves around the global economy, hitting stock markets, airlines and energy supplies. UK gas prices have nearly doubled and the flow of a fifth of the world’s crude oil supply - which travels through the Strait of Hormuz in tankers - has largely ground to a halt. As the ripple effect is felt across the world, how harsh will the economic fallout be, will inflation - only just under control - rise? And, with gas and oil stores in Europe limited, might there be a major energy shock ahead? Presenters: Dominic O’Connell, columnist and business presenter, Times Radio Hannah Prevett, associate business editor at The Sunday Times Guest: Richard Fletcher, business editor, The Times Dr Amrita Sen, Founder and Director of Market Intelligence at Energy Aspects Read more: Markets complacent over surge in oil price, warns analyst Producer: Miriam Hall Senior Producer: Julia Johnson Executive Producer: Kate Ford Photo credit: Getty Get in touch: thebusiness@thetimes.com Hosted on Acast. See acast.com/privacy for more information.

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Worse than expected? Why Iran could trigger a major energy shock is an episode from Tales of Silicon Valley by Anna Covell.

This episode is 29:10 long.

This episode was published on Mar 5, 2026.

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