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global
Trump's strikes on Iran have introduced a dangerous new variable into an already fragile US economic equation, and Washington has precious little room to absorb the shock.
global
As Iran chokes off the Strait of Hormuz to pressure the West, it is simultaneously strangling the very trade lifeline that keeps its own economy alive.
global
With crude prices nearing $100 a barrel and the Strait of Hormuz effectively closed to normal traffic, the economic fallout from the US-Israel campaign against Iran is forcing a rapid realignment of global energy supply chains.
global
Washington's promise of naval escorts and insurance guarantees for Gulf shipping offers symbolic reassurance, but the economics of energy disruption are already doing their damage.
