Gulf Intelligence Podcasts PODCAST: Daily Energy Markets- June 17th
Jun 17, 2025
Clyde Russell, Asia Commodities & Energy Columnist at Thomson Reuters, and Anoop Singh, Global Head of Shipping Research at Oil Brokerage, dive deep into the disruptive effects of the Israel-Iran conflict on energy markets. They discuss the impact of GPS jamming in the Strait of Hormuz, raising concerns about maritime safety and oil supply stability. The conversation also highlights how freight and tanker market disruptions are occurring despite stable oil prices, revealing the complex dynamics of global shipping and trade in turbulent geopolitical waters.
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Market Sensibly Prices Geopolitical Risk
- The market currently reflects a sensible pricing of geopolitical risk without panic.
- Actual oil supply remains unaffected, keeping the market in a wait-and-see state.
Shipping Disruptions Without Closure
- GPS jamming disrupts shipping navigation but has not caused closure of the Strait of Hormuz.
- Shipping collisions may be coincidental but highlight navigation challenges in the region.
Shipping Navigation Despite GPS Jamming
- Ships can navigate coastal waters by radar despite GPS jamming.
- Reasons behind GPS jamming could be varied, including targeted or rogue actions.