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Iran's missile attacks and its closing of the Strait of Hormuz have cost the oil-producing Gulf Arab states untold billions. In response, they are moving to arm themselves against a military threat that hasn't been erased, and construct workarounds to the Hormuz choke point.
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;Resize=(620)) Andrew Chang explains what's keeping the U.S. and Iran from reaching a peace agreement following six weeks of ongoing war and a recent marathon negotiating session in Pakistan.
Images provided by The Canadian Press, Reuters, Adobe Stock and Getty Images
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Asia markets opened higher, with Nikkei at an all-time high after Wall Street hit record levels on growing expectations of a U.S.-Iran deal to end the war.
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