ANKARA Gulf nations have suffered economic damages exceeding $50 billion as tensions escalate in the Middle East and the Strait of Hormuz remains closed, according to an analysis. The conflict, sparked by US and Israeli attacks on Iran followed by retaliatory measures from Tehran, has entered its second month and expanded into a broader regional crisis. The shutdown of the Strait of Hormuz, which handles 20 percent of global oil transportation and serves as a major gateway for LNG trade, has