The Strait of Hormuz Conundrum: How Six Months of War Have Shattered Regional Economies Since US Israeli attacks on Iran in February marked a new era of conflict in the Middle East, Arab states have faced a sobering reality.
Despite initial hopes that economic and military pressure would force regime collapse in Tehran, the war has instead settled into an attritional stalemate.
The closure of the Strait of Hormuz, attacks on regional cities, and strikes on shipping lanes have crippled Gulf economies, forcing them to reevaluate their reliance on oil exports.