Fixing the oil crisis might not fix the Persian Gulf

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Fixing the oil crisis might not fix the Persian Gulf

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If the Strait of Hormuz completely reopens, it still might not be enough to restart the economies in the Persian Gulf. Many countries there have been hammered by the oil crisis. And although allowing ships through would stanch the immediate bloodletting in the energy sector, other sectors might not spring back so quickly. Tourists are visiting less. Property markets are at risk.

On today’s show, we survey the economic damage to countries in the Gulf. And try to get a sense of the long-term economic implications.

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