Seizing Kharg would likely trigger a harsh response from Iran and carries significant risks for any US troops involved

A US-Israeli attack on Iran has turned into a regional war, sending Brent crude prices over $100 a barrel, and throwing shipping, inflation, and monetary policy into turmoil

Certain sectors have been hit hard by the impact of Iran's missiles and drones, but regional economies have also shown a degree of resilience.

The north African nation wonders if it might step in, as war in the Middle East halts shipments of liquefied natural gas and leaves importing nations looking for alternatives.

Crises often reorder energy geopolitics in unexpected ways. This one may ultimately strengthen, rather than weaken, China's strategic position.

Even if it stays on the sidelines of the US-Iran war, the country is fragile. Unlike larger economies that can absorb shocks in global markets, it has little room to cushion the impact.

Gulf states' central global location has made it the perfect transit hub for global travel, but with flights cancelled due to war, the industry is scrambling to fill the void

Moves to boost non-oil sectors such as tourism and financial services could suffer setbacks if hostilities continue

European gas prices have jumped by 30% after some big GCC oil and gas producers cut supplies, and now a vital maritime trade route is being threatened. The stakes have seldom been higher.

Al Majalla lays out three possible scenarios for how the conflict unfolds, along with their associated costs