Tensions between Iran and Israel escalate dramatically, with potential global implications. The U.S. is preparing a military strike plan against Iran, as peace talks collapse. President Trump prefers a naval blockade but acknowledges the rising stakes. Iran warns of “unprecedented action” as its economy falters under inflation and a collapsing currency. Oil prices soar past $107 per barrel, a reflection of instability in the Strait of Hormuz, a crucial shipping route.

As the situation worsens,