General Discussion

The Middle East 50 years ago doesn’t look like today. I worked in Oman when a major pipeline projects was being planned from Saudi to the Arabian Sea due to the same problem….Iran threatening shipping.
In 15 years they made almost zero progress. The pipelines are billions of dollars. When oil hits $100 a barrel, money flows like water. When oil crashes below $60, all of the countries run deficits due to their domestic subsidies and all projects cancelled. It was a cycle. Iran is quiet for a few years, so it becomes less urgent.