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BREAKING: Gulf States Urge US to Neutralize Iran Permanently
Gulf Arab nations are now pressing the US NOT to stop the war until Iran can no longer threaten the Strait of Hormuz, the world's most critical oil chokepoint.
Here's What's Happening:
▪️ Gulf states didn't initially support the war, but Iran's missile & drone strikes on UAE, Saudi Arabia, Bahrain, Qatar & Kuwait changed everything
▪️ Gulf oil producers have lost $15.1 BILLION in energy revenues since Feb 28 (Kpler/FT data)
▪️ Saudi Arabia alone lost $4.5B, Iraq is most vulnerable (90% revenue from oil)
▪️ $10.7B worth of oil & gas cargoes are stranded inside the Strait, loaded but unable to move
▪️ 20% of global LNG supply is now trapped in the Gulf
▪️ Brent crude spiked 70% YTD, briefly touching $119.50/barrel
▪️ European gas prices surged 75% since the war began
Stay alert. Manage risk. Follow the macro.