Is the world at risk of another energy shock?

play Live Sign upShow navigation menuNavigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedSportOpinionVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelSponsored Contentplay Live Click here to searchsearchSign upNavigation menucaret-leftUS-Israel war on IranStrait of HormuzWhat is Iran’s Pickaxe Mountain?Why have strikes resumed?Bodies of Evidencecaret-rightplay videoplay videoVideo Duration 02 minutes 08 seconds play-arrow02:08Counting the CostIs the world at risk of another energy shock?Disruptions across Strait of Hormuz, Bab al-Mandeb and the Black Sea threaten supplies and raise costs for consumers. Shipping through the Strait of Hormuz remains in effect halted. Tankers are now avoiding another critical waterway – Bab al-Mandeb – as Yemen’s Houthi forces threaten Saudi-linked vessels. Ukrainian strikes have hit Russian export infrastructure. Three major routes are now disrupted at once: the Gulf, the Red Sea and the Black Sea. Together, they threaten trade flows equivalent to nearly a quarter of global oil supplies just as reserves sit at multiyear lows. Goldman Sachs says oil could rise above $120 a barrel by the fourth quarter if disruptions in the Strait of Hormuz alone persist. Economies worldwide are bracing for another energy shock. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoMore from the same showWhy are billionaires growing richer than ever?Video Duration 02 minutes 08 seconds play-arrow02:08Climate funding: Who pays for the transition?Video Duration 28 minutes 00 seconds play-arrow28:00Why are politicians and sanctioned states embracing crypto?Video Duration 28 minutes 00 seconds play-arrow28:00Caught between the US and China, can Europe remain competitive?Video Duration 02 minutes 08 seconds play-arrow02:08Can governments fix the global housing crisis?Video Duration 28 minutes 00 seconds play-arrow28:00Has the worst of the Hormuz crisis passed?Video Duration 02 minutes 08 seconds play-arrow02:08Will a US-Iran deal transform the Iranian economy?Video Duration 27 minutes 50 seconds play-arrow27:50AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English: