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The Largest Oil Supply Shock in History: Inside the Strait of Hormuz Crisis | Helima Croft
37 minutes Posted Mar 19, 2026 at 5:42 pm.
Technical Side of Supply Disruption
IEA and Comparison to Russia-Ukraine
Alternative Routes for Oil and Gas
Russia is the Big Winner
Ground Troops Needed to Open the Strait of Hormuz
The US Domestic Picture
Will Houthis Disrupt the Red Sea?
What Market Participants Are Not Understanding
Is $200 Barrel Crude Oil Possible?
Sir Richard and Rosanna Discussion
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37:53
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Show notes
The Strait of Hormuz is in a chokehold. The scale of this oil supply disruption has already exceeded the shocks of the 1970s. Sir Richard Dearlove and Rosanna Lockwood sit down with Helima Croft, Managing Director and Head of Global Commodity Strategy at RBC Capital Markets and former senior CIA analyst, to break down what market players are getting wrong, why reopening the Strait is far harder than it looks, and what a Houthi entry into the conflict could mean for the Red Sea. 
In this episode:
Hosted by Sir Richard Dearlove (former MI6 Chief) and Rosanna Lockwood (International Journalist) Learn more about your ad choices. Visit megaphone.fm/adchoices