Global tremors as Iran war drags on and talks loom

As the US and Iran enter talks, the war’s global fallout intensifies: Tehran’s threats to control the Strait of Hormuz threaten a large share of energy shipments, sending oil and gasoline prices higher and stoking inflation, while NATO tensions and Gulf Arab diplomacy face new strains. Lebanon’s ceasefire prospects grow murky amid regional power dynamics, and Iran’s internal unrest could flare further even as diplomacy continues. The ripple effects touch energy markets, economies, and international security.