Dean Mikkelsen, a Canadian living abroad and founder of the website Power & Corridors, joins The Hub from Abu Dhabi to unpack the tentative U.S.-Iran agreement and what it could mean for the future of the Strait of Hormuz. While markets have welcomed signs of de-escalation, he argues the real story is how Arabian Gulf countries are rapidly building alternative pipelines, rail networks, ports, and trade corridors to reduce their dependence on a single energy chokepoint. Mikkelsen also explains why disruptions to LNG, fertilizer, and shipping insurance markets could have longer-lasting impacts on global trade and food prices than on oil itself.
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CREDITS:
Falice Chin - Host, Producer, and Editor