UAE quits OPEC over Saudi tensions and Iran war, freeing itself to pump more oil for strategic gain.
Browsing: Energy
Hormuz disruptions push Asian economies back to coal as strategic insurance, with China leading domestic fuel redundancy.
Decades of planning, not emergency action, drive Saudi Arabia’s Red Sea pivot. NEOM Port and the East-West pipeline reduce Hormuz dependency and reshape regional trade.
LNG won’t replace oil. Dual order emerges: oil shocks, gas manages. Europe pivots, Asia competes. Gas joins the weaponization arsenal.
Iranian militias strike Iraq’s oil fields, targeting US and Chinese firms. Western investment is at risk; Iraq’s energy dependence on Iran may persist.
Financial guarantees, market stress, and munitions shortages doomed U.S. efforts to keep Hormuz open.
Hormuz may be open, but massive infrastructure damage guarantees long‑lasting shocks to energy markets and global supply chains.
Hormuz chaos boosts EVs globally, handing China an unexpected advantage in the energy transition.
Lebanon pays for Hormuz via diesel price doubling and generator bills rising 35%, not direct shortages—imported inflation hits a bankrupt state.
Establishing a standalone humanitarian corridor modeled on the Black Sea Grain Initiative could unlock the Hormuz bottleneck and provide a vital diplomatic win.