Energy Security Hinges on Gulf Stability

Karen Young, senior research scholar at Columbia University's Center on Global Energy Policy, says the proposed US-Saudi civilian nuclear agreement reflects broader geopolitical competition but continues to raise questions over uranium enrichment, safeguards and regional security. She says energy markets should expect prolonged volatility as disruptions in the Strait of Hormuz and Red Sea threaten exports, inventories remain depleted and negotiations with Iran show little sign of producing a lasting resolution.