Jeff Currie on Iran, volatility and opportunities in undervalued assets | EA Forum Ep. 16

"We've calculated about 15 million barrels per day of oil crude plus products LPG stranded... the amount of volume we're talking about on the supply loss for the Middle East is very similar to the amount of demand loss [during COVID]." - Host [00:00:32]

"The straight can't stay closed for a month because the world economy will not survive, but that doesn't mean it won't be shut for a month because the forces that are driving whether it's shut or open don't care about the world economy; it's about survival." - Host [00:04:05]

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"We've calculated about 15 million barrels per day of oil crude plus products LPG stranded... the amount of volume we're talking about on the supply loss for the Middle East is very similar to the amount of demand loss [during COVID]." - Host [00:00:32]

"The straight can't stay closed for a month because the world economy will not survive, but that doesn't mean it won't be shut for a month because the forces that are driving whether it's shut or open don't care about the world economy; it's about survival." - Host [00:04:05]

Data Point	Value	Context	Timestamp
Stranded Oil Supply	15 million bpd	Crude, products, and LPG trapped due to Middle East disruption.	[00:00:32]
Global Oil Glut	590 million barrels	The initial inventory buffer before the crisis hit.	[00:00:53]
Max SPR Release Rate	2 million bpd	The physical maximum rate oil can be drawn from the US SPR.	[00:01:05]
Inventory Loss	450 million barrels	The total volume of oil wiped from global inventories by the end of March.	[00:01:09]

Jeff Currie on Iran, volatility and opportunities in undervalued assets | EA Forum Ep. 16 | Energy Aspects

References

More nuggets

Why I Can’t Stop Thinking About ‘The End of History’ | 11 Sept 2026 | The Ezra Klein Show

What Francis Fukuyama Is Seeing at ‘The End of History’ | 17 Sept 2026 | Odd Lots

The US propaganda campaign to raise money for World War One | 7 Oct 2026 | The Story of Money | Financial Times

Jeff Currie on Iran, volatility and opportunities in undervalued assets | EA Forum Ep. 16 | Energy Aspects

References

More nuggets

Why I Can’t Stop Thinking About ‘The End of History’ | 11 Sept 2026 | The Ezra Klein Show

What Francis Fukuyama Is Seeing at ‘The End of History’ | 17 Sept 2026 | Odd Lots

The US propaganda campaign to raise money for World War One | 7 Oct 2026 | The Story of Money | Financial Times

Speakers & Credentials

1. Executive Summary

2. Chronological Table of Contents

3. Detailed Thematic Summary

The Scale of the Disruption: COVID in Reverse [00:00:00]

Market Denial and Geopolitical Realities [00:02:44]

The Death of Dollar Recycling & The Wealth Threat [00:10:03]

Regime Shift, Commodities, and Trading Strategies [00:16:55]

The Reference Vault

4. Data & Figures

5. Core Frameworks & Mental Models

6. Memorable Anecdotes

7. References & Recommendations

8. Actionable Next Steps

The Making of the Modern Middle East | 22 Sept 2026 | The Cipher Brief