How Asia’s ‘Ukraine moment’ is supercharging the energy transition
Zero: The Climate Race
Bloomberg
4.8 • 296 Ratings
🗓️ 4 June 2026
⏱️ 34 minutes
🧾️ Download transcript
Summary
It's been more than three months since the US attacked Iran, leading to the closure of the Strait of Hormuz that carries 20% of the world's oil and gas. The shock to energy markets has been so intense that some countries are taking longer-term measures to cope. This week on Zero, Akshat Rathi and Peter Guest explore the history of policy responses to energy shocks and what’s different in the 2020s.
- Read Akshat's feature article here: https://www.bloomberg.com/graphics/2026-energy-transition-iran-war
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
See omnystudio.com/listener for privacy information.
Transcript
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| 0:00.0 | Some follow the noise. |
| 0:03.3 | Bloomberg follows the money. |
| 0:05.4 | Because behind every headline is a bottom line. |
| 0:09.3 | Whether it's the funds fueling AI or crypto's trillion dollar swings, |
| 0:13.8 | there's a money side to every story. |
| 0:16.5 | And when you see the money side, you understand what others miss. |
| 0:20.8 | Get the money side of the story. |
| 0:22.9 | Subscribe now at Bloomberg.com. |
| 0:27.5 | Welcome to Zero. I am Akshathrati. |
| 0:30.2 | This week, Asia's Ukraine moment. |
| 0:32.7 | Thank you. It's been more than three months since the US attacked Iran, and Iran responded by closing |
| 0:52.0 | the Strait of Hormuz. The world has moved beyond the idea that this is a short-term crisis, |
| 0:58.1 | and many countries are now beginning to take longer-term measures |
| 1:01.7 | to cope with the disruption to nearly 20% of the world's oil and gas supply |
| 1:06.4 | that used to flow through the strait. |
| 1:09.7 | I've been tracking what kind of measures countries are taking, |
| 1:13.6 | and all that reporting, I'm pleased to say, |
| 1:15.8 | is now a big feature for Bloomberg News |
| 1:17.8 | with great charts and photos that I hope you will read. |
| 1:21.4 | We will link it in the show notes. |
| 1:23.4 | But as with any story, there's much more to talk about |
| 1:26.7 | than what ends up on the page. |
... |
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