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The Bigger Picture

The threads connecting these stories — a fragile ceasefire in the Gulf, energy market turbulence, NATO arm-twisting, submarine espionage, surveillance overreach, and democratic backsliding — paint a picture of a world order under extraordinary stress. The Iran conflict’s ceasefire may hold, or it may not. But even if the shooting stops for good, the secondary effects — on energy prices, alliance politics, civil liberties, and the balance of power — will reverberate for years.

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