The war looks to be moving into a phase where control of strategic chokepoints and economic infrastructure may prove more decisive than traditional battlefield outcome.
Iranian leadership seems to betting that a strategy of controlled attrition will eventually erode the coalition’s appetite for prolonged conflict, while Washington could be believing that its campaign is approaching its military objectives and could end sooner.
While Asian refiners have been increasing the types of crude they can process to diversify their supplies, there is a limit to how much volume they can handle, as changing grades affects refined-product output and fuel-blending requirements.
While Asian refiners have been increasing the types of crude they can process to diversify their supplies, there is a limit to how much volume they can handle, as changing grades affects refined-product output and fuel-blending requirements.
"Ramazan brings hundreds to the mosque every evening, the real work begins after it ends — keeping young people engaged throughout the year," says a community member.
The conflict is no longer confined to air strikes and the exchange of missiles and drones between adversaries. It is steadily drawing in the economic lifelines of the region.
The choice is complicated, as traditional refuges behave unpredictably. Gold has swung sharply, and the dollar — which has been out of favour in the past year — has bounced back.
