How an energy crisis unfolds

Katie Martin· Host0:00

[upbeat music] Pushkin. If you're listening to this here podcast, you're maybe driving your car or walking the dog or just generally going about your life as usual. Happy days. But in large parts of the world, the energy crisis coming from the war in Iran is really starting to bite. In the Philippines, people are being asked to work from home. Thailand is asking residents to turn down their air con. Zambia has declared a fuel emergency. Pakistan has kicked off its cricket league to empty stadiums as people try to save on super pricey fuel. In Europe, airlines are warning they may have to cancel flights in the summer. It's everywhere, and it's pretty grim, especially for poorer countries. And even in a best case scenario where world peace breaks out tomorrow, you can't just flip a switch and get supplies back to normal. Today on the show, who's really feeling the pinch and how bad is this gonna get? This is Unhedged, the markets and finance podcast from The Financial Times and Pushkin. I'm Katie Martin, a markets economist here at FT Towers in sunny London, about to get out of here for four whole days of a super long holiday weekend. And joining me in the studio, it's another Brit takeover, folks. We have Malcolm Moore, the FT's energy editor and a very busy man taking time away from the fire hose of energy