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European gas prices surged 60% and LNG spot prices jumped 26% overnight as supply chains reprice permanently.
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B-1B bombers and Tomahawk cruise missiles target nuclear sites and oil infrastructure in a $5.6 billion opening salvo.
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Washington combines military threats with back-channel diplomacy as Iran publicly denies talks but privately engages.
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North Korean troops fight in Ukraine, Trump threatens NATO, and energy becomes a weapon of statecraft.
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Depleted stockpiles and industrial lead times threaten the West's ability to fight on multiple fronts.
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A blockade, depleted munitions, and secondary sanctions on China risk reshaping the Middle East order.
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From $58 billion in repairs to fertilizer shortages, the structural shock outlasts any ceasefire on the horizon.
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China controls up to 85% of clean-energy supply chains, creating acute vulnerability at maritime chokepoints.
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Shipping costs, defense spending, and de-dollarization accelerate as civilizational blocs collide in the Gulf.
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Tent encampments have tripled since February while 100 health facilities lie damaged or destroyed.
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Recent strikes and nuclear brinkmanship mark a qualitative shift from episodic incidents toward sustained, multi-actor confrontation.
