The Economist

Since the US and Israel first attacked Iran, a third of fertiliser exports have been blocked from passing the Strait of Hormuz. Soaring prices are now sowing panic among the world’s farmers.

Government borrowing costs around the globe are being pulled in opposite directions.

Jimmy Carter and Ronald Reagan both considered invading it. Saddam Hussein bombed it. In 1988 Donald Trump said that were he president, he would ‘do a number’ on the island. 

Donald Trump is deploying troops. Is he repeating the mistake of Vietnam, Iraq and Afghanistan?

THE ECONOMIST: One of the advisers the president ignores is his younger self.

The costs of dragging out the conflict could be very high indeed.

Talks on reopening the Strait of Hormuz and steering Iran away from its nuclear program will be bitterly difficult. 

The Revolutionary Guards appear to have taken control of both the state and the war — so who can strike a deal with the President

Markets excellent at pricing known risks are finding themselves ill-equipped to account for the uncertainty that comes from a war.

With luck, the Iran war won’t cause a recession. But the surge in energy prices will push up the cost of living.

Whatever happens, high prices will outlive the Iran war.

Republicans should not panic, insists the White House. ‘NO PANICANS!’, it tweeted on March 14th.

By diminishing the president’s political superpowers, his reckless campaign may make him more dangerous

Trump’s Iran war is more unpopular than any recent conflict and the resulting fuel crisis could cost his presidency

The regime is now less predictable