Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.
U.S. officials say the country’s weapons have been diminished, slowing its attacks on Gulf nations and Israel. Iran may also be holding some weapons in reserve in case the conflict is prolonged.
Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storageHow the Iran conflict could affect energy prices – video explainerSaudi Arabia’s state oil company has war…
President Trump gave conflicting signals about a possible end to the war with Iran amid wild gyrations in global markets.
President Trump gave conflicting signals about a possible end to the war with Iran amid wild gyrations in global markets.
Oil prices and stocks initially swung wildly, and Iran’s foreign minister promised “surprises,” calling the strikes against his country “Operation Epic Mistake.”
Oil prices and stocks initially swung wildly, and Iran’s foreign minister promised “surprises,” calling the strikes against his country “Operation Epic Mistake.”
Key U.S. allies in the Persian Gulf have stepped up their criticism of Iran after facing a barrage of missiles and drone attacks over the past week.
Countries such as Saudi Arabia, Qatar and the UAE are finding their carefully projected image of stability has been blown awayThere is a tendency to think of the Gulf powers as static and unchanging. They are, after all, fortified by massive wealth and…