Bowen: Trump and Netanyahu wanted to reshape the Middle East - now they risk a permacrisis

The Gulf oil states, allies of the US, and in the case of the UAE and Bahrain of Israel too, have suffered hammer blows. It is not simply lost revenue from petrochemicals and their byproducts, like fertiliser. They have built their futures around creating an oasis of stability and multi-billion-dollar business in the Gulf. Potential investors, and tourists, see the war turning that vision into a mirage.