Asks about Houthi threat to 7M barrels/day and viability of pipeline workarounds.
speaker1
Javier Blas
Houthi disruption would be a big problem; pipelines don't resolve half the problem, just buy time to slow price increases, not stop or reverse them.
Asks about G7 oil reserve releases and their ability to stabilize markets.
speaker3
Javier Blas
Key question is how much G7/IEA will release; reserves buy time but can't replace 20M bpd Hormuz flow.
Asks about potential damage to Middle East energy infrastructure, specifically if Iran can damage Saudi infrastructure.
speaker1
Javier Blas
Iran can damage Saudi infrastructure; drones have been neutralized but one getting through could cause explosion.
Asks about long-term implications if Iran's oil infrastructure is damaged.
speaker3
Javier Blas
Worst case: if we lose actual production capacity due to damage (not just shutdown), prices need to go a lot higher than today.