{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/695e7828a32e86d77573ead2/6a213dfe17f169d643cbdb28?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Is the global oil crisis hitting the 'point of NO return'?","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/695e7828a32e86d77573ead2/1780563383765-4201934a-83c4-4974-9f11-a1831bb1f0e6.jpeg?height=200","description":"<p>Oil prices have been fluctuating since start of the US-Israeli war on Iran three months ago, hitting a four-year high of $126 in April. How long before prices return to normal or are they at the 'point of no return'?</p><p><br></p><p>The partial closure of the Strait of Hormuz due to the conflict in the middle east has severely disrupted global oil and gas supplies.</p><p><br></p><p>Governments are burning through emergency reserves at a 'record pace', according to the International Energy Agency. High oil prices are expected soon as supplies dwindle.</p><p><br></p><p>As peace talks between Iran and the US stall, what impact is the oil crisis having on global economies - and will prices ever go back to normal?</p><p><br></p><p>Joining Enda Brady for this discussion:</p><p><br></p><p>Gaurav Sharma</p><p>Energy Market Analyst</p><p><br></p><p>Patrizio Donati</p><p>Co-founder and Director of Renewable Energy Company Terrawatt</p><p><br></p><p>Chris Weafer</p><p>CEO of Macro Advisory</p><p><br></p><p>To access the back catalogue of Roundtable discussions <a href=\"https://www.youtube.com/@RoundtableTRTWorld\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.youtube.com/@RoundtableTRTWorld</a></p>","author_name":"TRT World"}