Tensions are re-escalating between the USA and Iran after the two sides reached an agreement to end the war. Both sides exchanged strikes over three consecutive days, raising fresh concerns about stability in the Gulf. So is this just a brief escalation — or a sign of a longer-term shift that will affect energy prices for all and that means a new reality for the region? Melissa Chan speaks to Professor Simon Mabon, an expert in Middle East politics, to understand the wider implications of this most recent escalation.
Chapters:
00:00 Is the US-Iran deal on the verge of collapse?
01:47 A one-off strikes or a new normal?
03:47 US: ‘Violence will be met with violence’
05:58 US: How are shipping companies assessing the risk?
07:54 Why the oil prices continue falling
09:28 How are Gulf states reacting?
12:20 What is normal commerce starting to look like?
14:10 Trump’s signing at Palace of Versailles
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