Is It Different This Time? India, Iran, Oil Markets, and the Strait of Hormuz Risk | Energy Shots

CSIS

In this episode of Energy Shots, Kevin Book and Joseph Mut analyze rising U.S.–Iran tensions, renewed nuclear diplomacy, and the growing risks surrounding the Strait of Hormuz — one of the world’s most critical oil chokepoints. They explore how geopolitical shocks impact oil prices, why markets remain cautious, and what India’s potential move away from Russian crude could mean for global supply. The conversation also dives into China’s strategic petroleum stockpiling and the future of global e…