Why energy is Israel’s weak spot

While the knock-on effects have so far been limited, “the regional gas market is more exposed” and could make bringing in gas via sea costlier and more complex, said Dan Marks, energy security expert at the Royal United Services Institute. “As the global LNG market has been tight since Russia’s invasion of Ukraine and is likely to remain so until 2025, this could have price implications,” he said. “Egypt’s positioning as a regional gas hub and domestic political pressure around energy prices, combined with the impact on Suez Canal revenues, mean it has a number of reasons to remain engaged with Israel and to push for a ceasefire.”