54 Days
Source:
جفرا نيوز
Source: جفرا نيوز
54 Daysجفرا نيوز
Source: جفرا نيوز
54 DaysReady to play
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Energy expert Hamid Annabateh affirmed that escalations and tensions in the Strait of Hormuz and the Bab el Mandeb can lead to widespread effects beyond the security sector, impacting oil and gas markets, operational costs, supply chains, and economic growth in the region. He explained that navigation disruptions do not require full closures of the passages to cause economic impacts; merely increased security risks raise shipping and insurance costs, which in turn influence energy prices and commodities. He also emphasized the importance of countries adopting strategies to enhance resilience, reduce reliance on specific routes, and improve their ability to swiftly restore services after any disruption. Additionally, he highlighted the necessity of supporting energy, water, and communications infrastructure to mitigate the effects of prolonged outages. Using Jordan as an example, Annabateh pointed out that the country possesses strengths such as its geographic location and renewable energy resources, and should develop a flexible national plan focused on protecting vital services. He also stressed the importance of diversifying energy sources and securing reserves to minimize potential damages from regional tensions.
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