The Gulf's Volatile Equation: A Powder Keg Waiting to Be Ignited The latest round of tit for tat strikes between the United States and Iran in the Persian Gulf is a stark reminder that this strategic waterway remains a volatile hotbed.
Last Sunday's US air strike on Iranian rocket launchers on Larak Island, coupled with reports of retaliatory attacks on US forces in Jordan, has sent ripples through the global energy market and raised fears of an all out conflict.
The standoff between the two nations is long standing, with Iran's Revolutionary Guards involved in a series of provocative incidents in recent months.