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Goldman Sachs warns crude will soar past 2008 peak if action is not taken to reopen Strait of Hormuz

Test comes for city that sold itself as metropolis of peace and stability as UAE’s ambitions threatened

Tehran using intelligence shared by Moscow to launch retaliatory drone and missile attacks

President says US defence groups to boost output of sophisticated missiles after meeting CEOs

The consensus view of the impact of the Iran war on equities and bonds may well prove too sanguine