Day 52

Playbook: “We’re in week eight of Trump’s ‘little excursion’ in Iran. It now looks certain the fallout will dominate world politics for months — perhaps years — to come.”

“Across Europe, Asia and Africa, governments are preparing for a sustained energy shock, with related fallout likely to include jet fuel shortages, food scarcity and spiralling inflation. Any optimism of a swift resolution to the crisis has long since dissipated, and around the world authorities are starting to recommend short- and long-term shifts — fuel efficiencies, homeworking, cheaper public transport, investment in (Chinese-built) renewable energy sources.”