The Gulf is not ready for a renewed Iran war
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Since the war began on 28 February, Iranian missiles and drones and Houthi Red Sea attacks have hit Gulf refineries, LNG trains and export terminals. Kpler still logged over 24 million barrels a day through Hormuz and other routes in the week to 18 October, above the prewar 23.3 million. JPMorgan sees markets pricing a “forever conflict,” which feeds Trump administration belief the region can take more fighting, but the piece argues that conflates flows with wrecked plants that will need years to rebuild, mainly at the cost of importers in Asia, Europe and the developing world.
Continue in the app — vote & join in ➔Source: Foreign Policy · via ahirlevel.hu