International Market Analysis

As the fighting in the Persian Gulf expands, competition between major region-adjacent powers, including Turkey and Pakistan, is plain to see. While Iran is attacking the U.S., Israel, Kuwait, the UAE, and other Gulf states, the Sunni bloc led by Turkey and Pakistan, with Saudi Arabia and Qatar as its members, is bobbing and weaving. The conflict may weaken the I2U2 (Israel-India-UAE- U.S.) and undermine American influence in the Gulf if Iran is not defeated decisively.

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