Oanh Ha

That's Bloomberg's Tracy Alloway.

Tracy co-hosts the Odd Lodge podcast, and she spends a lot of time looking at the long-term impacts of geopolitics on the global economy.

And few places have shown the need for independence and extra capacity more clearly than in Asia over the past few months.

After the U.S.

and Israel went to war with Iran, the Strait of Hormuz grounded to a halt, choking off supplies of virtually every major commodity.

including one-fifth of the world's oil.

At the G7 summit in France, President Trump touted a deal the U.S.

reached with Iran's regime over the weekend, which he says will reopen the Strait of Hormuz.

Across Asia, countries are welcoming the U.S.-Iran peace deal that would help to stabilize global energy prices and reopen a vital shipping route.

But many are skeptical that will happen.

And even if it does, for Asia, that shift might be too little, too late.

That's Bloomberg's Joe Weisenthal.

He co-hosts Odd Lots with Tracy.

Welcome to the Big Tech Asia from Bloomberg News.

I'm Wan Ha.

Today, I'm sitting down with my colleagues, Tracey Alloway and Joe Weisenthal, co-hosts of Bloomberg's Odd Lots podcast.

We recorded this conversation just before news broke that Iran and the US may have struck a deal to reopen the Strait of Hormuz.

And as you'll hear, this discussion is arguably just as relevant now as when we taped it.

While the reopening of the Strait would be a welcome relief, the structural shifts caused by the conflict have fundamentally changed businesses across Asia.

And the resulting pressure on food and energy supplies and prices isn't going away anytime soon.