The global landscape is currently experiencing its highest level of conflict since the Second World War, with 65 active engagements. While most are internal, the ongoing tensions between Iran and the United States remain the most consequential for the international economy. Recent developments, including the Houthi seizure of Yemen's southern coastline, have further complicated this situation. Notably, the United States has declined requests from Saudi Arabia to launch military strikes against Houthi forces, despite the latter's assurances regarding maritime safety for American and Israeli vessels. This shift in policy has surprised traditional allies like Saudi Arabia and introduced new complexities to regional dynamics, particularly when considering the broader implications of Israel's recognition of Somaliland. These interconnected events highlight how contemporary geopolitical maneuvers are increasingly dictating the stability of the global economic order.
Source : The Express Tribune
Photo : The Express Tribune
