international
Gulf states 'colder, harder and more transactional' under US-Iran deal
Key takeaways
- The Iran war has had a significant impact on Gulf states.
- The initial deal outlined that the shipping channel be open within 30 days, in exchange for the US lifting its maritime blockade of Iranian ports and ships.
- The deal also contained plans for a $US300 billion ($435.6 billion) fund for the reconstruction of Iran, which the Gulf states could eventually contribute to.
Why this matters: an international story with cross-border implications worth tracking.
The Iran war has had a significant impact on Gulf states. (Reuters: Bandar Algaloud/Courtesy of Saudi Royal Court)
Link copied Share Share article. The interim deal between the United States and Iran had brought an immediate halt to fighting across the Middle East and a sense of calm to battered Gulf states, before yet another flare-up in fighting over the weekend.
But even during that period of relative peace, there was still a sense of anxiety about what the ongoing negotiations between Washington and Tehran would mean for the region's future, particularly involving management of the Strait of Hormuz.
Article preview — originally published by ABC Australia. Full story at the source.
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