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Weekend strikes hit Iran’s Natanz nuclear site and missile facilities near Isfahan, as Tehran responded with missiles and drones targeting Tel Aviv, Haifa Bay, and Gulf assets. With U.S. reinforcements deployed and Hormuz tensions rising, the region faces a sharply escalated crisis.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
The war in Iran has rapidly upended regional security, triggering spillover across the Middle East and raising fears of wider economic disruption that could threaten globalisation.
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism.
Two sailboats carrying humanitarian aid from Mexico arrived safely in Havana on Saturday, the Mexican Navy said, concluding a journey in which the vessels were delayed by bad weather and briefly reported missing.