Global Energy on the "Verge of Disaster"

With over fifty days into the U.S.-Iran war, the world has lost 550 million barrels of Gulf crude oil. Matthieu Favas, commodities editor at The Economist, explains how this is impacting global energy markets in European and Asian countries that rely on that supply.

Photo: Coryton Oil Refinery by Colin Smith, CC BY-SA 2.0 , via Wikimedia Commons