July 20, 2026
The world remains occupied with the wars in the Middle East and in Ukraine, and their global repercussions.
With the sharp military escalation between Iran and the US and President Trump’s threats and conflicting remarks, it was another chaotic week in the Middle East. Before the war, tankers going through the Strait of Hormuz carried around a fifth of the world’s oil consumption. Today, countries are looking at alternative routes and considering building new pipelines. On top of Iran’s nuclear program, passage through the Strait has become a major issue.
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