The developments of the past few days clearly demonstrate the adage “it is easier to start a war than to end one,” a recognised principle of military history and geopolitics. As the FT points out, Epic Fury’ has turned into ‘Economic Fury.’
With the US-Israel-Iran war, now in its third month, fuel supply disruptions are spreading to Asia and are threatening Europe. The shutdown of crude oil and products flows through the Strait of Hormuz has sent prices sky-high. It has also created a full-blown crisis for the jet fuel market,
