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Global Business News

The Economic Times

Global Business / The Economic Times

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Trump's Iran war pause is as costly as new strikes

Gulf energy producers are facing higher operational costs due to the ongoing conflict with Iran. While crude oil exports have shown a recovery, incidents in the Strait of Hormuz remain frequent, increasing risk levels. The United States is building military forces in the Middle East but is refraining from direct action for now. Diplomacy efforts by other nations are ongoing, but significant issues remain unresolved.

11 Nov 2026 1:13 pm