Iran is raising the costs of a continued war, for the US and Gulf nations. But could it — and the US — escalate further?

Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttled

Iran is raising the costs of a continued war, for the US and Gulf nations. But could it — and the US — escalate further?

Cyberattacks, tensions in the Strait of Hormuz and rising oil prices are deepening the global consequences of the war.

Countries around the world are feeling the impact of the conflict and the resulting energy price shock.

It is hardly an exaggeration to say that the latest US-Israeli war with Iran may have pushed the Middle East into its most dangerous phase since the 2003 invasion of Iraq. More…

As Hormuz chokes and defence costs soar, Gulf states absorb crippling financial fallout of the US-Israel war on Iran.

Outcomes depend on how quickly oil tankers can return to the Strait of Hormuz, experts said.

“The only coordinated mechanism that most policy makers across the global South are indulging in right now is prayer.”

Iran’s is trying to create wedges between Gulf states and the US, but Trump is very comfortable on the ‘escalatory ladder’