Dangerous dance in the Gulf
The US and Iran have thus far reacted to a string of provocative moves more in word than deed, but the potential for miscalculation is high
The summer has passed without any of the direct military clashes in the Gulf between US and Iranian forces that many had feared. But the autumn holds scant prospect of an early resolution of the crisis, and thus for reducing the risk of even an accidental misstep into war. And two external factors risk further ratcheting up the tension—the impact of the United Arab Emirates' (UAE) withdrawal from the battle against the Iran-backed Houthis in Yemen; and the 2020 US presidential election. Any number of incidents over the past few months could have triggered a military confrontation in the Gulf. President Donald Trump in June came close to ordering airstrikes against Iranian targets in retaliat
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth