Oil

The Houthis provide deniability for an Iranian campaign of aggression.

Israel's Environment Minister Blames Iran for Oil Spill that Ravaged Israeli Shore
Dr. Omer Dostri: Were the oil spill indeed identified as an Iranian action, it would be in keeping with Iran's strategy in its conflict with Israel.

Rare visit to Israel by Egypt’s oil minister sends signals to Biden, Erdogan
Col. (res.) Dr. Eran Lerman: The trip, following similar delegations of Greek and Cypriot leaders, is intended to show that regional allies are united and coordinated when dealing with foes and friends, including President Biden.

The geopolitics of energy is undergoing significant changes, because the oil weapon has weakened; Israel has emerged as a natural gas producer; and the Paris Agreement on the environment necessitates a reduction in oil consumption. To take full advantage of the situation, Israel should be export gas to Turkey and Egypt, not just to Europe.