Is the escalation of tension with Iran good or bad for the Gulf States? « ArabianMoney

At first blush any notion of rising tension in the Persian Gulf, or Arabian Gulf if you sit on the otherside, is obviously bad news for the Gulf States.

Iran in a corner could prove a dangerous neighbor and a naval conflict over the Straits of Hormuz is possible. Then again this would force oil prices higher and for those oil producers still able to export crude this would mean windfall revenues.

* username: rupertbu