Recorded Sunday 15th March – In this episode we examine how the escalating Middle East conflict is moving beyond oil and gas headlines into the wider industrial systems that underpin the global economy.

We focus on how disruption is transmitted through refined fuels, fertilizers, industrial gases and metals supply chains — and why these second-order effects often shape inflation, food prices, manufacturing and energy security more than the initial price spike itself.

The episode closes with a discussion of resilience — from distributed energy and alternative production pathways to the policy options currently being considered in the UK.

Key Questions Explored:

Refined fuels:

• Why do jet fuel and diesel markets tighten faster than crude oil supply?

• Why are  ...