How the Iran war is reshaping Saudi strategy: From Hormuz and Houthis to the UAE’s OPEC exit (opens in new tab)

How the Iran war is reshaping Saudi strategy: From Hormuz and Houthis to the UAE’s OPEC exit LToremark 1 May 2026 The closure of the Strait of Hormuz has revealed a key threat to Saudi Arabia’s Vision 2030 strategy and plans for economic transformation. The US–Israel war against Iran has presented many challenges for Saudi Arabia, including the Strait of Hormuz closure, a deepening rift with the UAE, and the latter’s exit from the oil cartel OPEC. The war has also given Saudi Arabia’s Crown P...