2 claims in “energy, economics, geopolitics”
The Gulf region exports are far broader and more central to global economy than recognized 20-30 years ago, including oil, LNG, fertilizer, helium for semiconductors, aluminum, sulfur for mining and fertilizer, and multi-trillion dollar sovereign wealth funds that are major sources of global capital.
The US position has changed dramatically: it is now a major oil and LNG exporter rather than dependent on imports, providing a huge buffer for US consumers and the economy that would not exist had the war occurred even 15 years earlier.