Asks about article stating Iranian attacks had opposite effect of pushing GCC states to pressure US/Israel to stop attacks on Iran.
Jimana
Karen E. Young
Current Gulf stance is more resolute and unified than June 2023. Escalation is severe because Iran retaliated against all six GCC states targeting civilian and diplomatic infrastructure immediately after US/Israel attacks.
Asks if Gulf countries could create coalition for military involvement.
Jimana
Karen E. Young
Seeing defensive retaliation beginnings (Qatar shooting down Iranian aircraft). Next step would be offensive retaliation but unlikely cohesive US military response. Likely more defensive activity and interceptors.
Notes remarkable gas price action. Asks if US being net exporter of oil/gas insulates it from global energy market impacts.
Jimana
Karen E. Young
Trump administration may feel insulated due to domestic production, but that's not how markets work. Could continue to see price increases in oil and gas markets.
Asks if fair to say prices stay supported/potentially squeeze higher as long as war continues.
Jimana
Karen E. Young
Will be gradual increase as long as Strait of Hormuz not fully blocked but traffic not moving freely. Hits on Saudi refining and major LNG facility shutdown are pricing considerations.