The world is grappling with a new economic storm as the US–Israel–Iran war escalates, choking off the Strait of Hormuz, a vital artery for global energy and trade. This narrow waterway, through which roughly a quarter of the world’s maritime oil passes, has become a flashpoint that is shaking markets, unsettling supply chains, and threatening to plunge the global economy into recession. The conflict’s ripple effects extend far beyond the Middle East, touching everything from...
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