Rystad Energy warns that potential attacks on key energy facilities in Saudi Arabia, the UAE, and Qatar could drive oil prices above $120 per barrel. According to Odaily, these facilities, which Iran has identified as targets, account for about 20% of global liquefied natural gas trade, 10% of Asia-Pacific naphtha imports, and 6% of global polyethylene capacity. These critical infrastructures are located in a region with limited short-term alternatives.
Rystad Energy analysts suggest that if the threats reported by Iran's Tasnim News Agency materialize, the combined facilities in these countries could see a daily loss of at least 700,000 barrels of refined product capacity. This would impact the supply of diesel, jet fuel, and naphtha in Saudi Arabia, the UAE, and Qatar. A strike on crucial infrastructure, such as Saudi Arabia's Yanbu port, could push oil prices to $150 per barrel or higher.