The 2026 Iran conflict will not be remembered primarily for the military campaign that achieved air superiority in 48 hours, nor for the assassination of a Supreme Leader whose nuclear fatwa died with him, nor even for the oil price spike that breached $100 a barrel for the first time in four years. It will be remembered as the moment the world discovered that the global energy system’s most critical chokepoint is governed not by navies but by actuaries.
Tuesday, March 10, 2026
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