Richard Haass, along with colleagues Neil Ferguson and Phil Zelikow, has proposed creating a new international commission or authority to govern the operation of the Strait of Hormuz.

The conflict with Iran has increased geopolitical risk in the Gulf region, making it more difficult to justify long-term, multi-billion dollar investments in business hubs like Dubai.

Richard Haass argues that while the U.S. and Israel have been militarily successful against Iran, Iran has emerged from the conflict with significantly more strategic and political leverage than it had before.