For Addis Ababa, using Djibouti's port for trade is not enough; it wants its own sovereign access to international waters. However, this first needs the consent of suspicious neighbours.
With Iran, Hezbollah and Hamas still standing, it appears that Netanyahu oversold the possibility of total victory. His damaged credibility leaves him with far less wiggle room in his next move.
Legislation to fund the American military and intelligence services will include requirements that Israeli defence firms be involved in sensitive projects and that classified information be shared
Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.