John Authers, Columnist

Why the Next Oil Crisis Will Be More Dangerous

Markets are not fully pricing in the high chance of a major oil shock.

February 4, 2026 at 5:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

An end to the Iranian regime could potentially interrupt the supply of oil.
Photo: Hussein Faleh/AFP/Getty Images

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