No shelter from the storm

An attack on Iran that blocks the Strait of Hormuz would clearly have an impact on the Gulf economies. But when it comes to the possibility of a Gulf conflict, companies are extremely reluctant to talk about whether they have contingencies in place.  American technology firm Emerson, which works with the energy industry, replied to interview requests with the following: “Unfortunately since there’s insinuation about Iran in the feature we will not be able to take part whatsoever in this. We have very strict laws regarding this topic.” Royal Dutch Shell gave the incredulous reply: “We are not involved in politics so will not comment.”  Even without comment from companies, it is hard to imagine that they or governments in the Gulf Cooperation Council have not given some thought to contingencies if conflict does erupt. “GCC governments have been thinking about this for quite some time; it is not as