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The Latest: Irans attacks on shipping worsen economic concerns as countries tap oil reserves

The ongoing American-Israeli war with Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran’s most effective weapon and the United States’ biggest vulnerability in continuing the campaign: Damaging the world economy. Wednesday’s major developments include Iranian attacks against commercial ships around the Strait of Hormuz and Dubai International Airport, escalating a campaign...

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