Advertisement
JPM today tallies the damage to hydrocarbon output in the Gulf.
Around 60 energy infrastructure assets in the Gulf have been impacted by drone and missile strikes in the nearly six weeks since the conflict started, with about 50 of them suffering varying degrees of damage (Figure 1 & 2).
JPM anticipates that the majority of attacks won’t result in persistent outages.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.