Matt Reed
Vice President at Foreign Reports and longtime analyst of Gulf politics and energy markets, frequently consulted for expertise on Middle East energy security and geopolitics.
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Mar 19, 2026 • 57min
Why There is No Off-Ramp for Trump’s Gulf War
Matt Reed, Vice President at Foreign Reports and long‑time Gulf politics and energy analyst, explains why the Strait of Hormuz is effectively closed with no easy off‑ramp. He outlines Iran’s strategy to raise intervention costs, recent strikes on refineries and LNG, vulnerability of bypass pipelines like Yanbu, and the stark disconnect between paper markets and extreme cash prices in Asia.
