Mini-crises sparked by the Iran war may add up to a big collapse

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Not a sudden, major crash but a series of mini-crises. That, according to some, is the prospect facing the global economy and financial system in the wake of conflict in the Middle East. But what if these mini-crises cascade into a collective collapse? And what if the Trump administration emerges as the only winner in the conflict by virtue of the fact that it has, in engineering the closure of the Strait of Hormuz,...