Hormuz Under Fire, AI Decoupling Fears, and EU Trade Pressure: Global Power Plays Heat Up

Two oil tankers owned by Abu Dhabi's state-owned ADNOC were attacked by drones in the Strait of Hormuz on Friday, with the UAE blaming Iran for the "acts of piracy." The attacks caused no injuries but mark the third such incident on ADNOC vessels in a week, highlighting the perilous state of shipping through the waterway that handles 20% of global oil trade. Traffic has slumped to just 5-9 crossings per day,...