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CNBC Daily Open: Tremors spread globally as Middle East conflict rages on
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A vote to force President Donald Trump to pull back from the war in Iran failed to pass in the U.S. Senate Wednesday. The resolution faced plenty of hurdles and was largely symbolic, as Trump was almost certain to veto it. French President Emmanuel Macron has said that France will increase its number of nuclear warheads and promised more cooperation with European allies that have expressed interest. That's "the most significant update to French nuclear deterrence policy in 30 years," according to an analyst.
A prolonged conflict in the Middle East will dent India's remittance flows enough to impact its economy. The Indian diaspora in the Gulf countries contributes nearly 38% to India's total remittance inflows, according to a Citi report. Based on the inflows of $135.4 billion in the financial year 2025, the share of Gulf countries is $51.4 billion. To put it in perspective: India's total trade surplus with the U.S. was $58.2 billion in 2025.
'As long as it takes': Experts predict possible outcomes of War in the Middle East
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Donald Trump and Benjamin Netanyahu have said the war will continue for as long as it needs to. Source: Getty / Joe Raedle/Getty Staff/Ritesh Shukla/Stringer/ Sir Francis Canker Photography
As the War in the Middle East expands and rhetoric from the US and Iran continues to be antagonistic, the world is speculating about how long this will go on for and what the wider implications will be.
Azerbaijan on Friday became the latest country drawn in, as it accused Iran of firing drones at its territory and ordered its southern airspace closed for 12 hours. Iran, which has a significant Azeri minority, denied it had targeted its neighbour, but the episode underlined how rapidly the war has spread since the surprise US and Israeli airstrikes that killed Khamenei on Saturday.
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Is the Middle East caught in an unstoppable 'escalation trap' of all-out war?
In just twenty four hours, a US submarine has torpedoed an Iranian warship in the Indian Ocean. Turkey, a NATO member state, has shot down an Iranian ballistic missile. And while Israel hammered Tehran and southern Lebanon with fresh rounds of strikes, Trump is considering arming Kurdish forces. The death toll is climbing into the thousands. Has the US and Israel's military campaign against Iran spiralled into a war beyond anyone's control?
Hamish Macdonald and Geraldine Doogue return to Beirut to speak with Kim Ghattas about the rapidly escalating war in the Middle East, and whether Iran has already been caught in a self-perpetuating 'escalation trap'.
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