Center on Global Energy Policy at Columbia University SIPA

Oil

Russia’s Hormuz dividend: revenue, leverage, and limits

Op-eds & Essays with Tatiana Mitrova • Montel • April 13, 2026

The Iran Shock

Within days of the initial U.S. and Israeli attack on Iran on February 28, 2026, the world was plunged into an energy crisis.

Op-eds & Essays with Jason Bordoff & Meghan L. O'Sullivan • Foreign Affairs • April 06, 2026

Energy Policy

Once Again, Energy Is Power

Energy has reemerged this year as a central force shaping our world—both a geopolitical weapon and an economic fault line.

Op-eds & Essays with Jason Bordoff • TIME • April 04, 2026

Natural Gas

Why Russia Can’t Capitalize on the Iran War’s Gas Shock

When the Iran War disrupted shipping through the Strait of Hormuz and tightened global gas balances, a familiar assumption quickly resurfaced: Russia, possessing the largest proven natural gas reserves in the world, would inevitably emerge as one of the principal beneficiaries.

Op-eds & Essays with Tatiana Mitrova • The National Interest • April 03, 2026

Why Russia Can’t Capitalize on the Iran War’s Gas Shock

The Gulf and the Iran Conflict: An Economic Model Under Pressure

Op-eds & Essays with Karen E. Young • Italian Institute for International Political Studies • April 02, 2026

Energy Policy

A Post-American Persian Gulf?

The Iran war will accelerate the region’s economic transformation.

Op-eds & Essays with Karen E. Young • Foreign Affairs • April 01, 2026

How the War is Redefining Gulf Economic Power and Energy Strategy

An historic supply shock is testing the energy-exporting economies of the Gulf and reshaping global energy security.

Op-eds & Essays with Karen E. Young • Akfar • April 01, 2026

How the War is Redefining Gulf Economic Power and Energy Strategy

Finance & Economics

Fraught Financing Will Further Weaken the Defense Industrial Base

The Pentagon’s new $200 billion private equity fund would harm the critical industries it aims to support.

Op-eds & Essays with Aaron Bartnick • Foreign Policy • March 24, 2026

Fraught Financing Will Further Weaken the Defense Industrial Base

Geopolitics

How the Iran War Is Changing Europe’s Energy Transition

The war in Iran is not just another energy shock. It is arriving at a moment when Europe is already under cumulative strain: a war on its eastern border, the lingering aftershocks of the 2022 energy crisis, industrial decline, political fragmentation, fiscal limits, and a widening debate over how much of its own security it must now provide.

Op-eds & Essays with Tatiana Mitrova • The National Interest • March 20, 2026

How the Iran War Is Changing Europe’s Energy Transition

Oil

Making the U.S. More Resilient to Oil Price Shocks

The oil shock triggered by the crisis in the Persian Gulf has pushed crude above $100 per barrel, reviving familiar fears of economic turmoil in the United States driven by surging gasoline and diesel prices.

Op-eds & Essays with Jason Bordoff & Spencer Dale • Foreign Policy • March 17, 2026