View: Gulf trade will be permanently reshaped

View: Gulf trade will be permanently reshaped

Matthew’s viewIf I had one takeaway for the Middle East from last week’s meetings at Semafor World Economy, it is that it is impossible to overstate how much Gulf trade will be reshaped by the crisis in the Strait of Hormuz.The narrow waterway has served as the region’s main artery for commerce since the dawn of major seaborne traffic in the 1960s, but Iran’s closure of it has demonstrated the reality of a long-threatened nightmare scenario. Now…