The cost-of-living shock if the Hormuz stays shut

A new Middle East oil shock is rattling markets as disruption around the Strait of Hormuz pushes crude higher and keeps gas traders on edge. Christof Rühl, senior research scholar at the Center on Global Energy Policy at Columbia University, explains why a huge reserve release matters, why panic can move prices faster than physical shortages, and why Russia could still come out ahead. Neil Shearing, group chief economist at Capital Economics, lays out what higher energy costs could mean for Europe, Asia and the United States, from inflation to delayed rate cuts. Listen to full episodes of The Dip and subscribe to the podcast here: https://pod.link/1840373319 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 #DWdip #DWbusiness

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