In any new round of fighting, Iranian officials could adopt new tactics, including intensified strikes on neighbors and trying to close off a second strait.
Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth.
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
With President Trump’s visit to Beijing looming, China is pushing Iran to negotiate even as its companies export material that could be used by Iran’s military.
The kingdom is pulling back from a costly and high-profile golf venture amid mounting financial concerns, raising questions about its plans.
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.
Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.