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Gulf States Look to Protect Oil Trade Amid Renewed Strikes
Posted
July 31, 2026
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13:42Now PlayingEllen Wald, senior fellow at the Atlantic Council, said that countries on the Arab peninsula are unified in their sentiment against Iran in light of recent attacks leveled against the Gulf States. Wald and Leslie Vinjamuri, president & CEO of the Chicago Council on Global Affairs, broke down the latest in the conflict between the United States and Iran and how it is impacting the global oil market, as prices rise after recent strikes. Vinjamuri said that at this point in the war, it is 'well past' the point where the goal is regime change in Iran and now the US must settle for stability in the Strait of Hormuz.
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