For Gulf states, geography is both a generous and treacherous patron

Preview Brief

The Strait of Hormuz blockage is being felt far and wide. While the world struggles with higher pump prices, key energy exporters such as the United Arab Emirates (UAE) and Qatar face severe economic setbacks. In Gulf states serving as air hubs, expats and affluent locals are scrambling for the exit. The discovery of oil transformed Arabian deserts into rich petro-states. Knowing this wealth would not flow forever, t...