International order is breaking down in the Gulf
A war between the US, Israel, and Iran has disrupted regional stability and oil production. While a memorandum of understanding aims to ease supply concerns, disputes over shipping rights and missile capacities persist. The old regional order is breaking down as traditional alliances and organizations like Opec face instability.
What changed
A US-Iran deal has lowered oil prices but sparked disputes over the Islamabad Memorandum's Clause 5.
Live updates
-
International Order Collapses in the Gulf Amid US-Iran Conflict
confidence 80%A war between the US, Israel, and Iran has disrupted regional stability and oil production. While a memorandum of understanding aims to ease supply concerns, disputes over shipping rights and missile capacities persist. The old regional order is breaking down as traditional alliances and organizations like Opec face instability.
What's confirmed:
- A war involving the US, Israel, and Iran is impacting the region.
- Saudi oil output has dropped sharply due to the Gulf war.
- The Strait of Hormuz faces threats from Iran's Revolutionary Guard in 2026.
Still unconfirmed:
- Iraq is considering leaving Opec.
- The US-Iran MoU provides at least $300 billion in outside investment.
- The US-Iran deal affirms Iran's right to weapons.