How Iran's Response To This Latest Round Of Attacks Will Affect Oil Prices

In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley discussed escalating geopolitical tensions, particularly the impact of Iran's response to recent U.S. military strikes on its nuclear facilities. They explored the potential consequences for global oil markets, including the strategic importance of the Strait of Hormuz, which accounts for 20% of the world's oil flow. They also covered a shift by major banks back toward fossil fuel investments, Texas' new SB6 bill to enhance grid reliability, and the UK's reconsideration of North Sea oil amidst the ongoing energy crisis. The episode highlighted the uncertain geopolitical landscape and its potential to influence both energy markets and global security. Highlights of the Podcast 00:00 - Intro 01:22 - What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact 08:58 - Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels 13:58 - Governor Abbott Signs SB 6 to Bolster Texas Grid Reliability: A Win for Business Growth and Investors 19:02 - Has Net Zero Caught Up to the UK’s Don Quixote Green Energy Dream? Reconsidering North Sea Oil Amid Energy Crisis 24:51 - Markets Update 26:38 - US Rig Counts Down Amid Rising U.S. Crude and LNG Production 26:54 - Frac Count Update 28:38 - Outro Please see the links below or articles that we discuss in the podcast. What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels Governor Abbott Signs SB 6 to Bolster Texas Grid Reliability: A Win for Business Growth and Investors Has Net Zero Caught Up to the UK’s Don Quixote Green Energy Dream? Reconsidering North Sea Oil Amid Energy Crisis US Rig Counts Down Amid Rising U.S. Crude and LNG Production Follow Stuart On LinkedIn and Twitter Follow Michael On LinkedIn and Twitter ENB Top News Energy Dashboard ENB Podcast ENB Substack ENB Trading Desk Oil & Gas Investing – Get in Contact With The Show –