Strait of Tension: The Gulf's Shrinking Economic Lifeline The latest diplomatic spat between Iran and the United Arab Emirates has raised concerns about conflict in the Middle East, this time over trade and security in the region's vital shipping lanes.
As tensions simmer, one consequence is being largely overlooked: the devastating impact on the regional economy.
Iran's foreign minister has stated that Tehran will not accept a ceasefire with the US, only a deal to fully end the war.