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The closure of the Strait of Hormuz and subsequent surge in energy prices have been an economic boon to exporters not directly affected by the disruption, Algeria included. But will the windfall revenues translate into something more durable for the North African country plagued by chronic investment deficits and structural reform needs?
Meissa Haouari
There is no obvious winner of the Iran war—and with neither side able to impose its will on the other, the Middle East is entering an era of fragile equilibrium.