New Delhi, April 28 -- I can see from your coat, my friend, that you're from the other side/ Can you tell me, please-who won the war?

-Wooden Ships by Crosby, Stills, Nash and Young

It is now relatively quiet on the West Asian front and there is little doubt that we have moved away from the brinkmanship of 7 April, a critical turning point.

On that day, US President Donald Trump threatened a civilizational war against Iran, which responded by mobilizing human shields to protect critical infrastructure and suspending truce talks with the US.

In that moment, the price of Brent crude oil for physical delivery briefly surged to $144 per barrel and headlines warned of 'Armageddon.' This marked the peak of global panic.

Yet, just two days ...