War in Iran Is Already Reshaping East Asia's Energy Future
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 15 April 2026
⏱️ 37 minutes
🧾️ Download transcript
Summary
The war in Iran has caused the price of all kinds of commodities to surge, and that has a negative economic impact almost everywhere. But the squeeze is really being felt hard in East Asia, which is the ultimate destination for a lot of oil and gas that come out of the Gulf. And though the Strait of Hormuz may eventually re-open, and the acute pain may pass, this episode may already be reshaping the future. On this episode of the podcast we speak with Alex Turnbull, an investor based in Singapore, and a researcher on energy topics with the Australian National University. He argues that the war will accelerate the region's appetite to restart nuclear power plants, ultimately lessening its dependence on imported natural gas. He also notes that per his channel checks, the region is already seeing a jump in demand for electric vehicles, with BYD dealers holding less and less inventory on hand.
Read more: US, Iran Seek More Ceasefire Talks as Blockade Stops Ships
There Are No Easy Exits From Iran for the US
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:04.9 | Podcasts Radio News. |
| 0:08.0 | Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthall. And I'm Tracy |
| 0:23.6 | Alaway. Tracy, it's April 9th, 905 a.m. There's a ceasefire-ish. It's sort of, there's been |
| 0:33.0 | something announced that's called a ceasefire. there does not seem to actually have been much |
| 0:38.7 | of a cessation of fire per se. Maybe it's slowed down a little bit. Some of the headlines this |
| 0:45.5 | morning are about Israel continuing to strike hard in Lebanon. Iran's saying that, well, if there's no |
| 0:51.6 | ceasefire in Lebanon, there's no ceasefire at all. But, you know, |
| 0:55.4 | overall, at least as of right now, you know, the market, et cetera, we saw that huge drop in |
| 1:01.0 | oil Tuesday night. You know, the market's still sort of, still sort of buoyant, right? |
| 1:06.0 | Still sort of resilient. Well, I think the important thing for the purposes of this particular |
| 1:09.9 | discussion is if you take a look at what's going on in the Strait of Ormuz, it still seems to be shut, more or less. |
| 1:16.9 | And shout out to the Bloomberg function, Ecan, Hormuz Go. |
| 1:21.4 | You can see the number of ships that are going through that particular choke point. |
| 1:25.3 | And I have two as of today, which is basically |
| 1:29.3 | nothing. Two today. There was some, there were some headlines about how maybe even in the good |
| 1:35.2 | case, they would lead through 10 to 15, which is still sort of nothing compared to normal |
| 1:40.3 | ship traffic. So like nothing's back to normal. I was going to say to your point, |
| 1:45.1 | I think the thing that's confusing everyone is we keep seeing these headlines about like a billion |
| 1:50.4 | barrels lost of world supply or 20% of the world's oil supply now choked out because of the |
| 1:57.8 | Hormuz situation. And yet, if you look at the oil price, you know, WTI, |
| 2:03.3 | Brent, you're definitely up, but they're not up as much as you might think given the scale |
... |
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