Hochstein: Trust Between Iran & GCC Neighbors Gone

A barrage of Iranian missiles and drones targeted at least five Mideast countries where citizens were urged to take shelter. Meanwhile the US granted a temporary license allowing Indian refiners to take Russian crude shipments as reports of traffic coming to a near-total halt in the Strait of Hormuz. Amos Hochstein Managing Partner, TWG Global & Former Senior Advisor to President Biden spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the oil markets reaction to the war as well as the GCC’s position in the war. (Source: Bloomberg)