Unyielding stances

GLOBAL suffering continues as uncertainty over the fate of the war in the Middle East refuses to dissipate. Market analysts and decision-makers have repeatedly warned that the economic damage already wrought — and worsening daily as vital shipping routes through the Strait of Hormuz remain closed — could take months, in some cases years, to reverse. Every day that passes without clarity on how and when the war will end introduces fresh intensity to the uncertainty roiling global markets and adds...