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A bombing campaign that killed Ayatollah Khamenei has paused — but diplomatic talks have stalled and underlying grievances remain.
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The Strait of Hormuz remains impassable nine weeks into conflict as the IEA warns of the largest supply shock on record.
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A structural supply-side crisis is forcing policymakers to choose between weaker growth and higher inflation — neither politically sustainable.
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Central banks from London to Tokyo face impossible choices as energy shocks fuel inflation and stall growth simultaneously.
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With export capacity maxed and China trade plunging 80%, Tehran may be forced to curtail production within weeks.
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Two guided-missile destroyers deployed alongside underwater drones in a high-risk campaign to reopen critical maritime chokepoints.
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What began as a limited strike has drawn nuclear powers into combat, threatening to reshape the global security order.
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With the JCPOA defunct and multiple mediation channels stalled, the risk of a return to open conflict grows by the day.
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A severe energy supply crisis, fueled by Mideast conflict, fundamentally realigns global economies, creating new winners and many losers.
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Nuclear breakout is measured in weeks, insurance costs have surged 6x, and emergency oil stocks cover only 73 days.
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Food prices spike 40%, hospitals run on phone lights, and 45,000 people now live in tents as winter nears.
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Houthi strikes on Red Sea shipping have triggered rerouting, spiking insurance costs, and commodity shortages worldwide.
