Iran-Israel Clashes Fracture Multipolar World Order

Israel's June 2025 strikes on Iran's nuclear sites have ignited open conflict, exposing fractures in a multipolar global order amid ongoing Russia-Ukraine, Israel-Gaza, and India-Pakistan tensions. Energy markets face 20-30% price spikes from potential multi-front escalations, while nuclear risks and alliance shifts challenge UN centrality. Gulf mediators and transactional pacts signal a privatized diplomacy era, with 15-25% escalation odds threatening GDP growth.