Beirut absorbs another strike as the ceasefire framework goes from fragile to theoretical. The gap between a signed agreement and a quiet sky has rarely looked wider.

Using the alliance's own charter as leverage is a negotiating tactic with a long memory — NATO spent decades writing rules precisely because someone might one day threaten to leave. That day keeps arriving.

Saudi fields take a hit and the oil price does what physics says it must — the market had already priced in tension, but tension and a smoking facility are different line items.