Columbia Energy Exchange

Iran Conflict Brief: How the Energy Shock Is Reshaping Investment

2026-03-24 · 10:17 UTC ·ColumbiaUEnergy ·1 min read

Brief

Iran’s conflict-driven energy shock is framed as a historic disruption with immediate implications for commodity and investment markets. The episode centers on Daniel Sternoff’s conversation with PIMCO’s Greg Sharenow, who examines how oil and LNG supply losses, strategic stockpile releases, and escalating Strait of Hormuz brinkmanship are reshaping investor expectations and risk across energy markets.

Why it matters

The Iran conflict has disrupted roughly 16% of global oil supply, described as more than double the volume affected during the 1970s oil shock.

Key details

  • About 20% of world LNG supply has been shut in, a disruption said to be 50% larger than the 2022 Russian gas crisis.
  • Host Daniel Sternoff interviews PIMCO commodity portfolio manager Greg Sharenow on how the shock is changing investment strategy; the backdrop includes President Trump’s 48-hour ultimatum over the Strait of Hormuz and a subsequent postponement of threatened strikes after claimed talks that Iran denied.
Source evidence

title: Iran Conflict Brief: How the Energy Shock Is Reshaping Investment
author: ColumbiaUEnergy
contenttype: podcast
publication: Columbia Energy Exchange
published: 2026-03-24T10:17:00+00:00
sourceurl: https://columbiaenergyexchange.libsyn.com/iran-conflict-brief-how-the-energy-shock-is-reshaping-investment

word_count: 229

Nearly a month in, the conflict in Iran appears to have hit a critical inflection point. Over the weekend, President Trump gave Iran a 48-hour ultimatum to open the Strait of Hormuz or face strikes on its power infrastructure, which Iran credibly warned would trigger reciprocal attacks on GCC energy infrastructure. President Trump then postponed those strikes after what the administration described as productive talks with Iran on ending the conflict—talks that Iran denied are happening. Meanwhile, a supply shock of historic proportions is unfolding. Some 16% of world oil supply has been disrupted, more than double the volume disrupted during the 1970s oil shock. And a fifth of world LNG supply has been shut in, affecting 50% more volume than the 2022 Russian gas crisis. The world's largest release of strategic oil inventories will buy weeks but not months for most advanced economies. In this episode of the Iran Conflict Brief, host Daniel Sternoff speaks with Greg Sharenow about how the energy shocks are reshaping the investment landscape. Greg leads the commodity portfolio management group at asset management firm PIMCO. He co-manages PIMCO's Energy and Tactical Credit Opportunities strategies. Prior to joining PIMCO in 2011, he traded energy at Hess Energy Trading, Goldman Sachs, and D.E. Shaw. Credits: Hosted by Daniel Sternoff. Produced by Mary Catherine O'Connor, Caroline Pitman, Alice Manos, and Kyu Lee. Engineering by Gregory Vilfranc.