The Middle East Situation
With US-escorted convoys of reflagged Kuwaiti tankers moving through the Gulf now becoming routine, Iranian leaders have shown signs of accepting the status quo and avoiding confrontation with the American naval forces. The current situation is to Iran's advantage, in that it can go about exporting its own oil without disruption by Iraqi air strikes. But the lull cannot last for long. Iraq is growing impatient, and has served notice that it will resume the...
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