UN Secretary-General António Guterres has issued a stark warning that the Gulf war has escalated well beyond initial expectations, describing the situation as 'out of control.' He emphasized the imminent risk of a broader war, increased human suffering, and severe disruptions to the global economy, notably impacting energy markets reliant on the strategic Strait of Hormuz. The conflict’s rapid escalation threatens regional stability and global economic security. In response, Guterres announced the appointment of Jean Arnault, a seasoned diplomat, as his Personal Envoy tasked with spearheading UN peace efforts. Arnault’s role will focus on negotiating ceasefires and encouraging all parties... [Continue Reading]