The global economy entered 2026 with cautious optimism: inflation was subsiding, interest rates were expected to fall, and supply chains disrupted by years of COVID-era disorder had largely normalised. That optimism has not survived contact with reality. Three simultaneous and partly interconnected shocks — the closure of the Strait of Hormuz, twin earthquakes devastating Venezuela, […] The post How the Iran War, Venezuela Earthquake and US Tari…
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