A full-blown regional war has so far been avoided, largely because neither Iran nor America wants one. Yet the conflict’s economic consequences are already vast. Trade routes are blocked, disrupting global shipping and devastating local economies. The Middle East’s most productive industries are being battered. Just over 100 days after Hamas’s brutal attack on Israel started a war in Gaza, the conflict is still escalating. Do you think that the escalation could lead to world war III?

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