Islamabad Memorandum Shatters: Hormuz War Reshapes Global Order

The collapse of the 2026 Islamabad Memorandum has triggered a renewed war between the US and Iran, closing the Strait of Hormuz and shattering the fragile regional ceasefire. This systemic rupture threatens permanent erosion of global energy security, fractures NATO cohesion, and accelerates the fragmentation of the global order into competing blocs.