Jul 2, 2026 · 37 min · 9 segments
In Episode 90 of Trade Splaining, Ardian Mollabeqiri and Robert Skidmore are back to unpack how geopolitics, energy markets and global shipping disruptions are finding their way into the everyday…
Ardian MollabeqiriHost
Robert SkidmoreHost
Jan HoffmannGuestgo wrong this week? Slightly less than what went wrong the last couple of months.
So we're going to be talking Hormuz, or Vermouth, depending on where you're from, energy markets, China's oil shield, and the geopolitics of everyday prices.
It also rewired logistics, exposed new Chinese leverage, and pushed geopolitics into food inflation and also industrial costs.
So first one up, Bloomberg had a great article by Javier Blas that's arguing that the hormones disruptions should have sent oil on the meltdown, which I think people were forecasting $200 a barrel oil, but that didn't happen.
And Bloomberg article is arguing that China cut imports, also reserves were released, but demand also did fall elsewhere.
Also, refineries adapted, and some oil did keep moving through the Strait of Hormuz, and this is through the dark, so people had to shut off their boats, had to shut off their transponders and things like this, so there was a trickle.
I should also mention one interesting fact that I gleaned from the article is that There was already an existing oil glut in the market of supply before the war started.
And so that played a factor into prices not rising as high as people had forecast.
Well, also related to that, Bloomberg also had something really interesting on how hormones, which this is something we've also talked about previously, how it's forcing companies to reroute goods through desert roads, also smaller ports and ad hoc land bridges.
This turning emergency workarounds into what will probably be, you can probably say safely, a long-term supply chain architecture.
So trying to avoid using, let's say, choke points, which maybe should have been obvious beforehand.
go wrong this week? Slightly less than what went wrong the last couple of months.
So we're going to be talking Hormuz, or Vermouth, depending on where you're from, energy markets, China's oil shield, and the geopolitics of everyday prices.
It also rewired logistics, exposed new Chinese leverage, and pushed geopolitics into food inflation and also industrial costs.
So first one up, Bloomberg had a great article by Javier Blas that's arguing that the hormones disruptions should have sent oil on the meltdown, which I think people were forecasting $200 a barrel oil, but that didn't happen.
And Bloomberg article is arguing that China cut imports, also reserves were released, but demand also did fall elsewhere.
Also, refineries adapted, and some oil did keep moving through the Strait of Hormuz, and this is through the dark, so people had to shut off their boats, had to shut off their transponders and things like this, so there was a trickle.
I should also mention one interesting fact that I gleaned from the article is that There was already an existing oil glut in the market of supply before the war started.
And so that played a factor into prices not rising as high as people had forecast.
Well, also related to that, Bloomberg also had something really interesting on how hormones, which this is something we've also talked about previously, how it's forcing companies to reroute goods through desert roads, also smaller ports and ad hoc land bridges.
This turning emergency workarounds into what will probably be, you can probably say safely, a long-term supply chain architecture.
So trying to avoid using, let's say, choke points, which maybe should have been obvious beforehand.
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