Persian Gulf energy producers are concluding that Iran’s control over the Strait of Hormuz will become permanent. They worry that the alternative—going back to war—would be worse.

Persian Gulf energy producers are concluding that Iran’s control over the Strait of Hormuz will become permanent. They worry that the alternative—going back to war—would be worse. Link Gulf States Accept a New Normal in Hormuz: Iran Is in Control Some of the world’s largest energy exporters dislike the emerging deal to reopen the waterway but fear going back to war would be worse.