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As of March 23, 2026, the Israeli military campaign against Iran shows no sign of concluding. Israeli forces continue to strike targets across Iran. Iran continues to retaliate. The Strait of Hormuz remains closed to hostile shipping. Global energy markets remain in turmoil. And the question of what comes next — for Iran’s shattered leadership structure, for the region’s civilians, for the fragile network of international relationships that held the Middle East together for decades — remains entirely open.