Drill pickle: oil prices still misjudge shock
4/30/202620 min
Oil prices are at their highest since 2022, as a swift end to the Iran conflict proves elusive. Yet, our commodities editor says, markets do not yet yet recognise how deep the supply shock is. Who will contest next year’s pivotal election in France? And great expectations in Brazil ahead of the World Cup.
Watch “The Insider”: How high will the oil price go
Guests and host:
- Matthieu Favas, commodities editor
- Sophie Pedder, Paris bureau chief
- Jon Fasman, senior culture correspondent
- Rosie Blau, host of “The Intelligence”
Topics covered:
- Oil, Brent crude, OPEC, Iran, UAE
- France, Macron, Marine Le Pen, National Rally
- World Cup, Brazil, Pele
Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+
For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsSpeaker 00:00
Why get AAA? Because bad roads, bad tires, and bad luck. Out of gas, locked out, or in a ditch? Stuff happens. With twenty-four seven roadside assistance, AAA's got your back no matter whose car you're in. Join today at aaa.com. AAA, expect something more. Roadside assistance is provided by independent facilities contracted by AAA. Coverage in taxis, limousines, and other rideshare and conveyances is excluded. 2024 AAA US Markets Track National Surveys. Offers, terms, conditions, and policies are subject to change without notice. Visit aaa.com for details.
Speaker 1· Soundbite0:29
[intro sound] The Economist.
Rosie Blau· Host0:36
[instrumental music] Hello, and welcome to The Intelligence from The Economist. I'm Rosie Bloor. Today on the show, who will stand in France's pivotal presidential election, and Brazil's chances at this summer's World Cup. [instrumental music] But first... Oil prices have hit their highest level since 2022. The price of Brent Crude, the global oil benchmark, passed $125 a barrel as hopes for a swift end to the conflict in Iran evaporated. This week too, the United