Macro Finance
US Gulf Allies Confront Escalation Fears
Bloomberg Markets·November 2, 2026·1 min read
Gulf allies fear renewed US strikes on Iran could trigger severe retaliation against critical energy infrastructure, as Donald Trump pursues a dual-track strategy balancing regional diplomatic talks with a US military buildup. Bloomberg's Jon Herskovitz reports on the escalating tensions and the risks to oil supplies in the region.
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