We’ve been promised peace deals before of course, and we’re yet to see the full details of what Washington and Tehran are reported to have tentatively agreed.
But some things are already crystal clear: there are winners from the 12-week conflict, and major losers, too. And whatever agreement is eventually reached, the Middle East has been reshaped.
First, the losers – Israel in particular. Its two friends in the Gulf – Bahrain and the UAE – have been economically damaged by Iranian missiles. Meanwhile, Tehran’s blockade of the Persian Gulf has left them unable to export oil.
The UAE had led the region’s
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