"While Arab mediators said Iranian diplomats have presented a number of proposals to end the war and acknowledged the deepening economic crisis in their country, they said they are getting a different message from the Islamic Revolutionary Guard Corps."
"While Trump focuses on oil, Hormuz remains shuttered to other commodities."
- container ships down 94% compared to a year ago
- cost of shipping a container from China to the UAE increased eightfold
- shipments of everything from limestone to fertilizer down by more than half
- businesses in the Gulf facing shortages: car dealers, for example, can't bring in new models
"What the Americans are doing now is not viable long term... it's only focused on getting oil and gas out, it's not focused on getting cargo and commodities in."
Took off from Riyadh to London not long before this happened. Think I've said this before but it seems like sheer luck that we haven't had a real tragedy with so many missiles and drones zooming around Middle Eastern airports this year