The Middle East conflict is now in its fifth month, deepening the oil and gas supply shock. Early in the war, analysts worried that the oil price would rise to $200 a barrel, causing a global recession and widespread panic, but that didn’t happen. This week on Zero, Akshat Rathi is joined by Bloomberg Opinion columnist Javier Blas to discuss why oil prices stayed around $100 per barrel and why the war is the start of a new paradigm in energy politics.

Explore further:

• Javier Blas’ columns
• The Global Oil Cushion Isn’t Really Hitting ‘Tank Bottoms’ 
• Another Critical Oil Waterway Is About to Close

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