US-Iran War Resumption Risk Rises Post Midterms; Gulf Bolsters Defense

Following US midterm losses that weaken Trump politically, the threat of escalated US-Iran conflict is rising as regional mediation fails. Gulf states are accelerating collective defense and infrastructure resilience plans in anticipation of renewed hostilities. The key uncertainty is whether political weakness deters or emboldens US action, while Gulf preparations signal credible war-risk pricing.

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