Recent reporting that QatarEnergy has begun buying long-term liquefied natural gas supplies from abroad as a hedge against another interruption through the Strait of Hormuz should be read as more than a business story. It is an acknowledgment that even one of the world’s largest energy exporters can no longer assume that its own physical network will remain available.
If Washington and Jerusalem launch an Operation Epic Fury 2.0 after the midterm elections, Iran will not limit its answer to ships or isolated oil fields. It will move to break the physical system that turns Gulf oil and gas into usable energy. That system also supports export revenue, fertilizer production, and food supply.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.