If the Strait of Hormuz was shut off, there could be a “potentially catastrophic” conflict that would have an impact beyond oil markets, says Richard Morningstar of Atlantic Council Global Energy Center. He says the likelihood of that happening is “small” and weighs in on how well protected Asia would be in the event of an oil shock. Watch on CNBC.
Ambassador Richard Morningstar served as U.S. Ambassador to Azerbaijan from 2012 to 2014, Special Envoy for Eurasian Energy from 2009 to 2012 and U.S. Ambassador to the European Union from 1999 to 2001. He is the founding chairman of the Global Energy Center and a board director at the Atlantic Council.