After all, there’s little incentive at the moment for the two to stop the war, with Israel relying on its deep-pocketed ally to finance operations while Trump has repeatedly stated he is "not ready to declare victory" or accept current negotiation terms. A collective halt of oil exports would trigger a major global economic shock and instantly shift the balance of power to Gulf producers, compelling the warring nations to immediately reassess their positions. While the fire was quickly contained and caused only minor damage, Saudi Arabia is still bearing the full brunt of the war, with OPEC’s largest producer estimated to have lost nearly $5 billion in potential revenues so far.
Author: Alex Kimani
Published at: 2026-03-17 00:00:00
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