“We’ve often talked in the past about the Strait of Hormuz being closed up. But the Bab al Mandeb and the Red Sea are so important for a couple of reasons. For one you have this flow of commerce that goes up to the Suez Canal. Anything going through the Suez Canal is feeding the Egyptian economy. We really can’t afford to have a reduction to the Egyptian economy. It’s fragile and we can’t have that. The other piece that happens is, diverting around the Red Sea and Bab al Mandeb is something potentially that the oil industry may be able to accommodate with some initial cost, but industries like liquid natural gas, there is no excess capacity in the transporting of it, nor is there excess storage capacity at the destinations. So any kind of slowdown in traffic through the Bab al Mandeb is going to have a pretty quick impact on both the region but also on the global supply of energy. Because of that just-in-time liquid natural gas piece, there’ll be a delay before the oil will be able to move in a different direction, and then you’ll have the impact on the local economies that are getting their money—especially Egypt.”