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

The Supreme Court has stripped Trump's 'emergency' tariffs of their legal basis, triggering a scramble to recover fiscal losses

A drop in the price of crude these days is nowhere near as painful as it used to be, because most of the Gulf Cooperation Council states have diversified away from hydrocarbons

Many of the big regional energy producers retain strong credit ratings as they boost their borrowing. How the money is spent will determine the wisdom of each approach.

Analysts say Europe-Asia trade could become faster and cheaper if cargo ships use the North-East Arctic Passage as an alternative to the Red Sea, but there are problems to overcome.