Khalilzad: Iranian Missiles Control the Direction of Energy Markets
Former US Ambassador to Iraq Zalmay Khalilzad states that Iran retains military capabilities to target shipping and oil tankers, contributing to ongoing tensions in the Strait of Hormuz.
In a recent interview, Zalmay Khalilzad, the former American ambassador to Iraq, acknowledged that despite suffering numerous strikes, Iran continues to maintain military capabilities that allow it to target maritime shipping and oil tankers. This situation explains the persistent tensions in the Strait of Hormuz, which are significant for global energy flows. Khalilzad emphasized the necessity for security arrangements to ensure the safe transit of energy, highlighting the critical role of this region in the global economy.
Khalilzad further articulated that the United States, potentially in collaboration with its allies, might respond by providing military escorts for oil tankers to secure maritime navigation and alleviate pressure on global energy markets. He recalled past experiences during the Iran-Iraq war, indicating that similar measures might be needed to sustain energy supply lines amidst the threat posed by Iranian military assets, including missiles and drones.
Lastly, Khalilzad raised critical questions regarding the future of the conflict, suggesting that the more pressing concern is not solely about the outcomes of military operations but also how the war concludes. He warned that without a resolution that includes Iran, the prolonged use of its remaining capabilities could extend the conflict and escalate economic costs, demonstrating the intricate balance of power and the potential risks to oil markets stemming from this geopolitical tension.