Dangerous dance in the Gulf
The US and Iran have thus far reacted to a string of provocative moves more in word than deed, but the potential for miscalculation is high
The summer has passed without any of the direct military clashes in the Gulf between US and Iranian forces that many had feared. But the autumn holds scant prospect of an early resolution of the crisis, and thus for reducing the risk of even an accidental misstep into war. And two external factors risk further ratcheting up the tension—the impact of the United Arab Emirates' (UAE) withdrawal from the battle against the Iran-backed Houthis in Yemen; and the 2020 US presidential election. Any number of incidents over the past few months could have triggered a military confrontation in the Gulf. President Donald Trump in June came close to ordering airstrikes against Iranian targets in retaliat
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026






