Faisal Islam: Iran war pause is welcome but the economic scars will last

For the past six weeks, approximately 800 ships have been stuck in the Strait of Hormuz, leading to rising fuel prices and mortgage rates. While the ceasefire provides a chance for de-escalation, uncertainties remain regarding maritime traffic and the long-term economic impact. Iran has established new control over this strategic chokepoint, raising questions about Gulf nations' acceptance of this reality.