The Overlooked Risk Of A Major Attack In The Middle East

While Russia’s clearly protracted war in Ukraine will continue to cause global energy volatility and uncertainty, the market has taken its eye off a number of developments that portend renewed tensions in the Middle East. As we have mentioned previously, Iran’s 2019 attack on Saudi energy infrastructure was a test run, and given certain developments in 2022, we see a renewed risk of attack for both Saudi Arabia and the UAE. The Iran nuclear deal isn’t happening. It would be nearly impossible at this point, and widespread protests…