Unprecedented is an overused word, but the scale of the global energy crisis unleashed in the Gulf this year warrants the description. Against this backdrop, leading energy executives gathered in Abu Dhabi this week for Adipec, Adnoc’s flagship conference, where discussions focused on how to navigate the next phase of the regional conflict.

In the week leading up to Adipec, increasingly sharp exchanges between Washington and Tehran, along with troubling press reports, raised the prospect of renewed hostilities that could again expose the Gulf states to Iranian retaliatory strikes. The conference kicked off on 2 November, on the eve of the US midterm elections that were widely perceived as a watershed moment following which US President Donald Trump would decide whether to resume military strikes against Iran. (CONTINUED - 995 WORDS)