For decades, the geopolitics of Middle East energy has been defined by a familiar set of variables: oil reserves, production capacity, strategic waterways and military power. Analysts have traditio…
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For decades, the geopolitics of Middle East energy has been defined by a familiar set of variables: oil reserves, production capacity, strategic waterways and military power. Analysts have traditionally focused on OPEC decisions, energy sanctions, pipeline routes and maritime chokepoints such as the Strait of Hormuz and the Bab Al-Mandab Strait.
Yet one of the most powerful forces shaping contemporary energy markets operates largely outside public attention.
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