Who's losing and who's benefiting from the Gulf tanker conflict?
In what looks like a historic recurrence, Iran and the United States are once again on the verge of a naval escalation in the Gulf of Oman, and the turn of events bears a striking resemblance to those of the late 1980s, when Washington threw its weight behind Kuwait to counter the alleged Iranian naval attacks against its Gulf ally.
British-Iraqi expert on Middle Eastern conflicts Tallha Abdulrazaq said Saudi Arabia and its neighbouring allies can take advantage of the escalation by drawing "global powers into a confrontation with Iran over potential shocks to the global economy". Another expert Giorgio Cafiero, who's currently the CEO of Washington-based geopolitical risk consulting firm Gulf State Analytics, said war hawks in Washington could take advantage of the events unfolding in the Gulf waters and "point finger at Iran even if it's less than clear which party was behind the suspected attack".
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tanker attacks in Gulf of Oman fuel security, oil supply fearsAttacks on two oil tankers on Thursday in the Gulf of Oman left one ablaze and b...
Read more »
Oil surges after report of tanker incident in Gulf of Oman near IranOil prices surged on Thursday after a unit of the United Kingdom's Royal Na...
Read more »
Tanker incident in Gulf of Oman: Live updatesA British maritime safety body said it was investigating 'an incident' in the Gulf of Oman after reports that two oil tankers had been attacked
Read more »
Oil surges after Gulf tanker attacks, stocks claw higherSuspected attacks on two tankers off the coast of Iran saw oil markets erupt out...
Read more »
Oil Tanker explosions in Gulf of Oman: Everything we know about blasts, fires as U.S. Navy races to assistTwo tankers have reportedly been hit by explosions in the Gulf of Oman, with local media reports describing the incident as an 'attack.'
Read more »