Gulf States Accept a New Normal in Hormuz: Iran Is in Control
AI Summary
Gulf States are grappling with the reality that Iran now holds significant control over the Strait of Hormuz, a critical global energy conduit. Despite their misgivings about reopening the waterway, these major energy exporters are hesitant to risk a return to conflict, which they believe could have catastrophic economic consequences. This shift reflects a broader acceptance of the new geopolitical dynamics in the Middle East, with significant implications for global oil supply and international relations.
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