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The long shock: How the Iran war is remaking the global economy
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The long shock: How the Iran war is remaking the global economy
The closure of the Strait of Hormuz marks a rupture in the post-1970s energy order, with consequences that may redefine how the global economy functions The US and Israeli-led war on Iran has initiated a chain reaction that has culminated in the most significant oil supply disruption in modern history. Iran’s retaliatory strikes against energy infrastructure in Saudi Arabia, Qatar, Iraq, Kuwait, and the UAE, and its effective closure of the Stra…
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