Bloomberg: The Iran war placed the Persian Gulf countries at three strategic crossroads; Oil transit, America and the Strait of Hormuz.
The war with Iran changed the economic and security equations of the Arab countries in the Persian Gulf and presented them with three strategic needs:
Reducing oil dependence, reviewing America's security dependence and getting rid of the Strait of Hormuz geographic restrictions.
In a situation where trust in Washington's security umbrella is weakening, the economic infrastructure is threatened and energy export routes face uncertainty, the governments of the region are forced to change their long-term strategies in order to maintain their stability and position in the global economy. Changes that the simultaneous implementation has become expensive, complicated and unavoidable./ Jamarn.
Read the details of this report at Jamarn International Service.