The Crude Realities of Hormuz
Gregory Brew on Iran and what oil reveals about the world
Iran has taken control of the Strait of Hormuz, a key waterway for oil shipment out of the Persian Gulf, and the United States has not been able to force its reopening through military means. Meanwhile, fuel prices have risen, and people around the world are feeling the economic pressure.
In this episode, the Institute for Global Affairs’ Jonathan Guyer is joined by Gregory Brew, an oil historian and senior analyst at Eurasia Group. They discuss historical analogies to the Hormuz crisis, why a diplomatic end to the war has not yet been achieved, and how oil markets are reacting. Greg also explains why oil is a useful vector for understanding history and geopolitics.
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Gregory Brew, a historian of modern Iran, oil, and US foreign policy, is a senior analyst at Eurasia Group. He is the author of the book The Struggle for Iran: Oil, Autocracy, and the Cold War, 1951-1954 (The University of North Carolina Press, 2023). His writing and analysis have appeared in Foreign Affairs, Foreign Policy, Time Magazine, The Washington Post, NPR, and Bloomberg’s Odd Lots podcast, among many others.
Find Greg on X: https://x.com/gbrew24
