According to Neil Atkinson, a seasoned energy expert and former high-ranking official at the International Energy Agency, the world is far from recovering from the devastating impact of the Hormuz crisis. Even a rapid reopening of the critical Strait of Hormuz would not immediately restore normal energy flows, he cautioned.
While the swift resumption of tanker movement through the Strait of Hormuz could potentially alleviate some of the congestion, Atkinson pointed out that numerous tankers are currently stranded on either side of the waterway, awaiting clearance to proceed. Furthermore, the shutdown of key production facilities in Saudi Arabia, Iraq, Kuwait, and Abu Dhabi would require several days or possibly longer to rectify.
Atkinson highlighted the severe disruption to Qatar’s liquefied natural gas (LNG) exports, warning that even in the most optimistic scenario, recovery could take weeks. He underscored the far-reaching consequences of the crisis, emphasizing the pivotal role of oil in various industries. “Oil is an indispensable component across a wide range of sectors,” he noted.
Moreover, Atkinson sounded the alarm on the long-term risks to global food production, citing the critical shortage of fertilizers. He warned that the ripple effects of this shortage would have a profound impact on food yields, stressing that the scale of the problem cannot be overstated.
Skardu.pk is one of the leading authentic news and information platform focusing on adventure tourism, regional and world affairs.
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team
- Editorial Team