
Gregg Carlstrom discusses the economic impact of the Iran war on Gulf countries and changing attitudes towards the U.S.-Israel-Iran conflict.
The Gulf countries are spending “enormous amounts of money to try to mask the economic consequences of the Iran war from their population,” Gregg Carlstrom , The Economist’s Middle East correspondent, said on the Haaretz Podcast. Carlstrom, speaking from Dubai, explained that with the Strait of Hormuz blocked by Iran, Gulf states are flying in consumer goods, food and medicine normally imported by ship “at a huge expense” so their citizens don’t experience shortages or empty shelves in stores. However, he warned, by the end of the summer, if the security situation remains precarious and the Strait remains blocked – and especially if active warfare with Iran is renewed – the economic toll will be impossible to avoid, and these countries will worry about their many expat residents packing up and leaving. In a conversation with Haaretz Podcast host Allison Kaplan Sommer, Carlstrom described a “roller coaster” of changing attitudes in the Gulf States regarding the ongoing U.S.-Israel-Iran conflict. Initially, in March, he said, when the fighting was at its peak, leaders of most of the Gulf countries were…
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