Caliphate

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

Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.

By attacking Gulf energy infrastructure, Iran aims to apply economic and geopolitical pressure as a way to avoid large-scale conflict

Instead of taking down the Islamic Republic, what the assassinations have done is harden public support and accelerate the regime's militarisation

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.