Conflict, Commodities and the Price of Disruption

Know More. Risk Better. Podcast | Season 10, Episode 23

In this episode of the Know More. Risk Better. podcast, the conversation explores how disruption in the Strait of Hormuz is reshaping global trade flows, oil markets, and supply chain resilience, and how these dynamics are influencing market outcomes. Zachary Griffiths is joined by Chiedza Madzima at BMI to discuss the scale of shipping constraints, why oil prices have remained resilient despite logistical strain, and when physical shortages could begin to impact markets.
They examine investor expectations, policy responses, and longer term implications for maritime choke points and supply chain design, offering practical insights on how operational risks translate into market impact. The episode delivers a clear, forward-looking perspective to help investors navigate evolving geopolitical and supply chain risks.

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Speakers:

Zachary Griffiths, CFA, Head of IG & Macro Strategy, CreditSights:
Zachary leads US investment grade and macro strategy, bringing expertise in financial markets and economic implications.

Chiedza Madzima, Head of Operational Risk, BMI:
Chiedza leads the global operational risk team at BMI, specializing in assessing trade, logistics, and supply chain risks across more than 200 markets.

Timestamps:

00:00 Introduction to Operational Risk Management
03:53 Current State of Global Trade and Logistics
06:58 Impact of Geopolitical Conflicts on Shipping
09:29 Oil Market Resilience Amidst Disruption
12:29 Operational Challenges in the Oil Sector
15:13 Client Concerns and Industry Insights
17:14 Long-term Implications of Supply Chain Disruptions
19:47 Maritime Choke Points and Future Risks
22:47 Defense and Security Considerations
27:50 Conclusion and Future Outlook

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