Netanyahu has staked Israel’s economic future on becoming a Mediterranean trade hub to replace the Strait of Hormuz. The war on Iran was supposed to make that possible, but it consumed the fiscal space, U.S. backing, and Gulf capital needed for it.
Netanyahu has staked Israel’s economic future on becoming a Mediterranean trade hub to replace the Strait of Hormuz. The war on Iran was supposed to make that possible, but it consumed the fiscal space, U.S. backing, and Gulf capital needed for it.