The global oil shock created by Iran’s closure of the Strait of Hormuz obscured a second energy crisis that unfolded much closer to Israel’s borders. The month-long shutdown of Israel’s Leviathan and Karish gas fields, caused by repeated Iranian and Hezbollah missile attacks, was the longest gas export disruption since Israel began supplying gas to Jordan and Egypt. This interruption, the third in the past two years, exposed how dependent Israel’s neighbors have become on Israeli gas for electricity generation, and reinforced a broader strategic lesson for them. Viewing Israeli supplies as unreliable, Jordan, Egypt and even Syria are now more likely to deepen hedging strategies by expanding renewables, maintaining costly backup fuels, increasing LNG flexibility, and looking for alternative regional transport and energy corridors. The bright side is that this shift may strengthen the case for IMEC by reframing it less as a Europe-oriented transit initiative and more as a domestic infrastructure project for ensuring intra-regional energy security.