From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
The country is particularly exposed to energy market mayhem and has urgently trimmed its fuel demands, as three emergency Saudi oil shipments help keep the lights on at home.
Riyadh and Cairo are trying to ease the acute oil shortfall through alternative pipelines, but these are just band-aid solutions, as the world's most vital energy corridor remains closed by Iran
A US-Israeli attack on Iran has turned into a regional war, sending Brent crude prices over $100 a barrel, and throwing shipping, inflation, and monetary policy into turmoil
The north African nation wonders if it might step in, as war in the Middle East halts shipments of liquefied natural gas and leaves importing nations looking for alternatives.
If the ceasefire collapses, China has an interest in getting the two sides back to the table, but it would be a difficult task given Tehran's deep mistrust of the US and Israel.
Israel's parliament approved a draconian death penalty law last week that only applies to Palestinian prisoners, in a move that the UN says "would constitute a war crime"