Iran and the United States traded tit-for-tat attacks over the weekend, with both sides issuing conflicting declarations on whether the Strait of Hormuz is open for shipping. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center, told Abeer Abu Omar on Horizons Middle East and Africa that return to a full scale-war is a possibility but we are "not yet" there. (Source: Bloomberg)