Pakistan, June 15 -- SAARC Chamber of Commerce and Industry former President Iftikhar Ali Malik has said the Ukraine-Russia war and the escalating tensions in the Middle East following the US-Israel conflict with Iran had fundamentally altered the global economic landscape, triggering a structural reset of the world economy and the emergence of new strategic alignments.

In a statement issued here on Sunday, he said the convergence of the Ukraine-Russia conflict and the Middle East crisis marked the end of the old global energy order, with a new system taking shape in which energy security outweighed economic efficiency, geopolitical considerations dictated trade flows and costs remained structurally elevated. He said that the Ukraine-Rus...