{"podcast":{"title":"Oil Ground Up","slug":"oil-ground-up-5975771","podcast_index_feed_id":5975771,"rss_url":"https://anchor.fm/s/be62e120/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/oilgroundup","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/31841512/31841512-1746537330246-c45bbde1ca5b5.jpg","author":"Oil Ground Up","episode_count":62,"summary":"Rory Johnston navigates listeners through the financial market dynamics of the world's oil and gas sector. Get the latest fundamentals behind the price action and hear from industry experts from the field and from the corporate offices of the world's leading energy producers.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/oil-ground-up-5975771"},"episode":{"title":"Amena Bakr on the Market Blindness to the 13 Million Barrel Shock","slug":"amena-bakr-on-the-market-blindness-to-the-13-million-barrel-shock","published_at":"2026-04-24T15:14:55+00:00","page_url":"https://stenobird.com/podcast/oil-ground-up-5975771/amena-bakr-on-the-market-blindness-to-the-13-million-barrel-shock","show_page_url":"https://stenobird.com/podcast/oil-ground-up-5975771","url":"https://podcasters.spotify.com/pod/show/oilgroundup/episodes/Amena-Bakr-on-the-Market-Blindness-to-the-13-Million-Barrel-Shock-e3idmck","audio_url":"https://anchor.fm/s/be62e120/podcast/play/118986580/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-24%2F422785108-44100-2-fe17e41e63daf.m4a","summary":"Amena Bakr, the Head of Middle East Research at Kpler, joins Rory to provide an inside look at the functional closure of the Strait of Hormuz, where daily traffic has collapsed from 170 vessels to just 5% of its pre-war levels. The sources indicate that even with an optimistic base case for normalization in August, clearing the backlog of 800+ trapped ships will likely take at least two additional months. Amena warns that the threat of maritime mines remains a strategic "wild card" that could extend the recovery timeline by up to six months. The discussion breaks down the "Iran Lane" management system and the controversial $2 million cryptocurrency tolls being reported by vessel owners seeking to bypass the blockade. With roughly 13 million barrels per day of production shut in, the discussion explores the physical damage to downstream assets and a potential five-year recovery timeline for Qatari LNG trains. Johnston and Amena address the market's underreaction to the crisis, citing the distorting effects of presidential social media posts and alleged price manipulation that has kept Brent near $100. Beyond the energy sector, the blockade is triggering a "reality check" for global supply chains, specifically impacting the helium supply necessary for semiconductors and medical imaging. Finally, the conversation highlights how OPEC is attempting to provide a "steady hand" and structural predictability while the region prepares for a post-war status quo where regional pipelines may permanently replace the Strait","meta_description":"Amena Bakr, the Head of Middle East Research at Kpler, joins Rory to provide an inside look at the functional closure of the Strait of Hormuz, where daily…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3911,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/oil-ground-up-5975771/episodes/amena-bakr-on-the-market-blindness-to-the-13-million-barrel-shock/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/oil-ground-up-5975771/amena-bakr-on-the-market-blindness-to-the-13-million-barrel-shock.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}