Middle East trade disruption diluted Western economic pressure on Moscow. G7 allies must now transition from a broken oil price cap to total maritime bans.
Thursday, October 15, 2026
Middle East trade disruption diluted Western economic pressure on Moscow. G7 allies must now transition from a broken oil price cap to total maritime bans.
Following strikes in the Strait of Hormuz, the U.S. has targeted Iranian shadow banks and shipping cartels, signaling a return to strict economic containment.