US-Iran War Drives Global Escalation Fears

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The conflict is shaping diplomatic and economic developments far beyond the immediate battlefield. Qatar is coordinating with Washington as it seeks an agreement with Tehran, but the mediation effort comes amid heightened regional uncertainty and concern over widening military and humanitarian consequences. Higher oil prices linked to the war are already affecting Europe’s economy, while related security concerns are contributing to risks for commercial shipping and broader international stability.

Sources: Anadolu Agency, The News Tribune, Associated Press, NDTV