Is conflict threatening the Gulf’s international business aspirations?
The Gulf was envisioned as a hub where various nations could come together for economic gain, regardless of their differences. However, recent events, such as Israel’s conflict with Hamas and tensions between Israel and Iran, have put this vision in jeopardy. Can the region’s dream of prosperity survive amidst the chaos?
While the recent clashes between Iran and Israel have not escalated, the impact of these conflicts, along with the violence in Gaza, has created uncertainty in the region. The commercial ambitions of the Gulf are now facing a period of instability.
Six months after the attack by Hamas in Israel, the region is experiencing further conflicts, particularly along its waterways. The actions of Houthi rebels in Yemen and Iran’s seizure of a merchant vessel in the Gulf of Oman have added to the tensions in the area.
2024-04-25 08:56:55
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