News from the Middle East is confusing if nothing else.
The USA claims 2 merchant ships have passed the Strait of Hormuz whereas Iran flatly denies this! In the fog of war we cannot know who is true at the time of writing.
This much is certain. The impact on the world economy is immense. Even if the war stopped tomorrow, it could take a long time (years?) to recover. The USA does not want Iran to ever have a nuclear weapon. Arguably, the USA is a declining world power and China is growing.




