“This is what we have warned against time and time again,” said Emirati businessman Omar Al Busaidy, president for UAE and Oman of Future Pipe Industries, a Dubai-based company that makes fiberglass pipes for infrastructure projects. “Both sides are trying to strong-arm the other to surrender by going after the lifeline of the economy. They are hitting where it hurts the most … and U.S. interests are being hurt.”
https://www.washingtonpost.com/world/2026/03/19/us-iran-war-trump-gas-prices-qatar/
Iran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback

As attacks rattled markets, Treasury Secretary Scott Bessent said the Trump administration might lift restrictions on Iranian oil already loaded onto vessels.

The Washington Post
“Two countries that we’ve spent years sanctioning are now the direct beneficiaries of a conflict the US chose to start,” said Brett Erickson, managing principal at Obsidian Risk Advisors, which specializes in financial crime and regulatory issues. “The US has spent years building sanctions architecture specifically designed to constrict Russia and Iran. Within 3 weeks of this conflict starting, we’re tearing it to shreds.
“That is not a short-term adjustment, it’s a complete strategic collapse.”