Tehran’s decision to widen the war is an attempt to project strength but may better be understood as a survival strategy—one rooted in deliberate escalation and shaped by a logic akin to mutually assured destruction. Early volatility has been sharp but manageable, yet the longer the disruption lasts, the greater the risk that physical shortages—rather than price swings—will drive the crisis. In recent days, Iranian attacks have expanded to energy infrastructure a... [21655 chars]
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