The last-minute two-week ceasefire in the Middle East may have spared the region from plunging into a catastrophic escalation, even as it offered a convenient off-ramp for the very forces that pushed it to the brink. The reopening of the Strait of Hormuz—one of the world’s most critical sea lane corridors—immediately triggered a sharp drop in global oil prices, underscoring just how …
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The Market Monitor Minding the Nation's Business