June 13, 2026 23:18
Global focus shifts to hot spots beyond Iran
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While an agreement to end the Iran crisis has yet to be signed, attention is increasingly turning to other geopolitical challenges that might become hot spots in the future. Perhaps the key takeaway from the crisis in the Middle East is the huge human and economic cost of the war, including in energy markets. While a global recession may be averted, the costs have been eye-wateringly high, including with well over 3,000 people reportedly killed. Moreover, the worst economic ramifications are potentially still to be felt in some nations, as the International Monetary Fund and World Bank flagged at their spring meetings a few weeks ago.
