Will round two of US-Iran war trigger a bigger global shock? Here's what you need to know

The breakdown of the Pakistani-mediated ceasefire and the outbreak of intense, renewed fighting between Washington and Tehran are threatening to unleash an unprecedented shock on the global economy. Unlike the initial phase of the war in February - which focused on leadership decapitation and targeted military assets - round two is transitioning into an unmediated war of attrition directly involving strikes on critical infrastructure and retaliatory barrages across Gulf Arab nations