America’s Gulf allies didn’t want a war with Iran, because they knew how it would end. Now, they face a bad peace and with it some unenviable choices. Should they, for example, embrace the fundamental logic of President Donald Trump’s US-Iran deal, which is that the Islamic Republic can be tamed by bribery? Or is it wiser to assume it can’t, and prepare for more hostilities? Should they seek out n
Geopolitics Bloomberg Jul 3, 2026