Why Oil Prices Are Exactly Where They Should Be - ENB Weekly Recap

In this episode of the Energy Newsbeat Daily Standup - Weekly Recap, Stuart Turley and Michael Tanner covers critical developments impacting global oil markets. Iran's missile strike on a U.S. base, its potential response to the U.S.'s military actions, and the threat of closing the Strait of Hormuz remain key issues. Despite fears, oil prices have remained stable as the market absorbs these geopolitical tensions. Additionally, the shift in bank investments towards fossil fuels, coupled with the turmoil in China's EV market, presents further challenges for global energy security. The episode also explores the impact of recent Israeli actions on regional energy infrastructure and how these events may shape future oil flows. Highlights of the Podcast 00:00 - Intro 00:16 - What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact 07:49 - Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels 12:48 - The Iran Retaliatory Strike on the U.S. Airbase in Qatar: A Page from the De-Escalation Playbook 15:10 - Israel Shuts Down Leviathan Natural Gas Field: Update on Impacts and Risks for Customers and Regional Markets 16:48 - Trump Truths a Strategic Shift: China Can Buy Iranian Oil 19:00 - China Planned for the Middle East Crisis and Has Oil Stored 21:50 - China’s EV Market is in turmoil 24:46 - 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 The Iran Retaliatory Strike on the U.S. Airbase in Qatar: A Page from the De-Escalation Playbook Israel Shuts Down Leviathan Natural Gas Field: Update on Impacts and Risks for Customers and Regional Markets Trump Truths a Strategic Shift: China Can Buy Iranian Oil China Planned for the Middle East Crisis and Has Oil Stored China’s EV Market is in turmoil 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 Need Power For Your Data Center, Hospital, or Business? – Get in Contact With The Show –