Iran War Threatens the Economies of Trump’s Gulf Allies

“The U.S. and Iran have resumed military strikes — trapping America’s partners in the Middle East in volatility that could hurt their economies for years to come,” NOTUS reports.

“U.S. Central Command on Sunday launched the first American strikes on Iranian forces in more than a month, saying the targets posed ‘an imminent threat’ to civilian shipping through the Strait of Hormuz. Tehran launched retaliatory missiles at American forces in Jordan hours later. The renewed violence came after the Trump administration had argued it was weakening Iran’s grip on the strait and bolstering energy shipments through the crucial waterway by deploying U.S. naval forces. The administration has also applied unprecedented sanction pressure on the country, which led analysts to predict Iran would retaliate. Now, experts believe that the potential for tit-for-tat strikes will continue even if all-out conflict is avoided.”