3/30/26: Oil Crisis Expands, Israel Blocks Palm Sunday, Scientists Go Missing, Larry Wilkerson On Iran War

Krystal and Saagar discuss the widening fallout from the US-Iran war, centering on surging oil prices and supply disruptions, alongside religious tensions in Jerusalem, mysterious disappearances of US scientists, and strategic analysis from retired Col. Larry Wilkerson. Guest Sorab Ahmari, editor of Unherd, provides context on economic and regional ripples.

Oil Supply Shock and Global Ripples

Oil markets reflect deepening crisis one month into the war, with WTI at $101 and Brent near $115 per barrel; analysts warn of $200 oil as shortages hit Asia from Thailand to Pakistan. Unlike the 1970s OPEC embargo, physical damage persists: Iranian strikes on GCC facilities, Israeli attacks on Iranian oil infrastructure, Iraqi fields shut-in (from 4.3M to 1.6M barrels/day), and Qatar's 3-5 year LNG force majeure. Restarting requires months or years, even if politics shift.

Ramifications cascade: fertilizer plants offline from petrochemical shortages, affecting farming; Australian states offer free transit amid price spikes; South Korea urges shorter showers, Thailand caps air conditioning, India faces cooking gas shortages (no butter chicken or dosa), Sri Lanka shortens workweeks. Tanker delays mean US/Europe impacts lag by two weeks.