The conflict in the Middle East has altered the strategic landscape between Tehran and Gulf states. Trust is lacking, but both sides recognize that they remain dependent on one another.

The interim deal to end the conflict and restore energy flows via the Strait of Hormuz may hold up. A permanent accord will be much harder to achieve.

The conflict in the Middle East has altered the strategic landscape between Tehran and Gulf states. Trust is lacking, but both sides recognize that they remain dependent on one…