Hotel demand cratered to 7% of normal levels.
The war raises Iran’s leverage over any cargo shipped through the strait.
Oman and the Emirates export outside the Strait of Hormuz, while Qatar, Kuwait and Bahrain have no route around it.
Rice University’s Jim Krane says the war has permanently raised investors’ perceived shipping risk.
How each outlet framed it
- Responsible Statecraft
- maps differential Gulf vulnerability by geography: Qatar/Kuwait/Bahrain vs Saudi East-West pipeline and UAE Fujairah bypass
Sources: Responsible Statecraft