‘The uncertain endgame of the Iran war’

This is apropos a letter to the editor titled ‘the uncertain endgame of the Iran war’ carried by the newspaper on Sunday, Monday, Tuesday, Wednesday and yesterday.

Energy-importing nations across Asia, Africa, and Latin America may also demand stability in global markets. Many developing economies are extremely vulnerable to energy price spikes. Rising fuel costs strain national budgets, accelerate inflation, and threaten economic stability. These countries may therefore use diplomatic channels to push for an end to hostilities.

Interestingly, Iran itself may be relatively better positioned to endure prolonged energy disruptions. As a major oil producer with experience surviving decades of sanctions, the country has developed economic coping mechanisms that wealthier societies rarely face. This does not mean Iran is immune to economic pain, but its population has historically endured hardship more frequently than populations in highly industrialized economies. In a prolonged conflict, this difference in economic tolerance may influence political dynamics.

Another critical dimension of this war is unfolding beyond the immediate battlefield. Major global powers such as China and Russia are watching the conflict extremely closely. While not directly involved in the fighting, both countries are observing every stage of the conflict with strategic interest.

Copyright Business Recorder, 2026