The ceasefire the world was counting on is unraveling fast. After the USS Spruance seized the Touska in the Gulf of Oman on Sunday, Tehran called it piracy, vowed retaliation, and refused to send its delegation to Islamabad. Pakistan locked its capital down and waited. The American team flew in. Iran stayed home. The truce expires Wednesday. Oil is near $97. US gas may not fall below $3 until next year. Trump is threatening Iran’s entire infrastructure. And the IMF warns a full breakdown could push the world to the edge of a recession not seen since COVID. This is the story everyone should be watching.
Sources: NPR, CNN, Al Jazeera, Express Tribune, Dawn
