Chokepoint Chess: Energy Security in the Israel-Iran Flashpoint

How a Gulf Skirmish Reprices Oil, Reshapes Geopolitics and Tests Global Macro Stability

by Nathan Alli

In this paper we discuss:

• How oil prices behaved during the recent crisis in the gulf; 
• How gas represents Europe’s soft underbelly;
• How gold, bonds and equities performed during recent market volatility;
• Strategic knock-on effects deriving from energy crises;
• Proliferation risks and supply-chain frictions in the area; and
• The energy-transition paradox.

Download PDF: Chokepoints LP July 2025