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Analysis

How an Israeli retaliation on Iran could impact Gulf energy flow

Energy facilities along the east and west of the Arabian Peninsula brace for possible Israeli attacks against Iran and its proxies.

A man walks across from a raging fire at oil storage tanks a day after Israeli strikes on the port of Yemen's Houthi-held city of Hodeidah on July 21, 2024.
A man walks across from a raging fire at oil storage tanks a day after Israeli strikes on the port of Yemen's Houthi-held city of Hodeidah on July 21, 2024. — AFP via Getty Images

FUJAIRAH, United Arab Emirates — The US is monitoring threats in the Gulf region — which accounts for 31% of global crude output — as Israel plans retaliatory attacks on Iran and its proxies following Tehran's missile barrage on Israel on Tuesday.

Washington is "still awaiting an Israeli response before it considers its next steps to protect the US and its allies' interests in the region," a US official said on the condition of anonymity.

Iran launched nearly 200 missiles Tuesday night into Israeli airspace in retaliation for Israel's assassination of Hassan Nasrallah, head of Tehran-aligned Lebanese paramilitary group Hezbollah, as well as for the deaths of senior Hamas and IRGC leaders.

The missile barrage, which was the first such attack by Iran since April, is seen as likely to prompt an Israeli retaliation.

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