How High Could Oil and Gas Prices Go? Strait of Hormuz Closure

How vulnerable are global oil markets to escalation involving Iran?

Nearly 20% of the world’s traded crude oil passes through the Strait of Hormuz, making it the most strategically important energy chokepoint in the world. As tensions rise in the Middle East, investors and businesses are reassessing supply risk in 2026.

In this episode, Andy Critchlow, Global Head of News at S&P Global Energy & Platts, examines with host Alex Wolfe:

• The strategic importance of the Strait of Hormuz
• Iran’s oil export volumes over the past 12 months and their role in global supply
• The immediate market reaction following the latest developments
• Why oil began 2026 near $60 per barrel despite geopolitical risk
• Whether disruption involving Iran would be more complex than the post-Ukraine rebalancing
• The key indicators shaping energy security, pricing and volatility

With markets entering the year in apparent oversupply, this episode explores whether geopolitical risk is fully reflected in current oil prices and what could shift the balance in the months ahead.

Andy Critchlow is an experienced British business journalist and editor, currently serving as the Head of News for EMEA at S&P Global Commodity Insights. Specialising in energy, commodities and Middle East politics, he has over 25 years of experience, including previous roles at Reuters Breakingviews, The Wall Street Journal and Bloomberg.

Be sure to join us for our upcoming fundraiser event with SSAFA, the Armed Forces Charity, on Thursday 26th March 2026. Tickets are available: https://www.eventbrite.co.uk/e/ssafa-fundraiser-the-greatest-car-company-debate-charity-auction-tickets-1977379995797

#straitofhormuz  #iranoil  #oilprices

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