We expect the conflict will prompt many governments to re-assess their energy security.
The war in the Middle East continues to rage, despite efforts to negotiate an end the conflict.
Damage to oil and gas facilities – including Ras Laffan in Qatar, the largest liquified natural gas (LNG) terminal in the world – will likely take a number of years to repair before they can fully resume operations.
In this note, we assess the medium- to long-term consequences of the conflict, which has seen the closure of the Strait of Hormuz, energy prices skyrocket, attacks across the Gulf, and the Iranian regime suffer significant body blows.
