One silver lining of the Iran conflict may be the emergence of new, more durable foundations for regional economic integration via more agile trade corridors in the Gulf and beyond.
Regardless of the outcome of ongoing U.S.-Iranian negotiations, Gulf states are likely to speed up the diversification of their defense partnerships, including with each other, though many hurdles have yet to be overcome.
When transportation insurance withdrew from Gulf waters, it triggered an agricultural supply chain shock whose effects will reach crop yields in South Asia, sub-Saharan Africa, and Latin America within a single growing season.
