The ongoing conflict between Israel and Hamas, killing hundreds of civilians a day and threatening critical infrastructures of all sorts in the vicinity of the Gaza Strip, has reached a new turn, with the full encirclement of Gaza City by Israel’s army. Yet, the implications of this asymmetric war are largely misunderstood. Day by day, the energy picture of the Middle East becomes murkier, possibly upending global energy security in ways markets are unable to predict, starting with the wobbly Egyptian energy system. Too focused on decrypting…
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