Wars, Warnings, and a World on Edge: Seven Days That Redrew the Map

Brent crude climbed toward $90 a barrel as tanker traffic through the Strait of Hormuz ground to a near standstill, with vessel crossings remaining in single digits. On the same day, Japan's 10-year government bond yield hit a 3-decade high, marking the longest winning run in more than a year. The two headlines told the same story: a world economy gasping for air while a war in the Persian Gulf refuses to end.

Tuesday: Ceasefire...