How the Iran War Is Rewiring the Oil Market

The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows. That unexpected resilience of markets has many explanations, but it’s forcing a bigger question: does the world simply wait for the critical waterway to normalize, or start building alternative routes, inventories and supply systems to hedge against future risks? Subscribe to Bloomberg’s Energy Daily newsletter, your guide to the energy and commodities markets that power the global economy, from journalists stationed around the world. https://www.bloomberg.com/account/new... #Iran #Oil #Economy -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_... Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptio... Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.