The Tanker War Has Begun
The US-Iran conflict has crossed another threshold. The battlefield is no longer only the Strait of Hormuz. It is the tankers themselves. American forces struck...
Tag: chain supply
America Is Taxing Its Own Supply Chain
Tariffs can extract concessions, as the latest US-Canada negotiations confirm. The problem is that, against Canada, they can also produce something considerably more damaging: higher...
The Next Supply Shock Is Already Underway
The next inflation shock may not begin with oil. It may begin with diesel shortages in Russia, dry fields in Europe and a growing inability...
The Black Sea Is Becoming the World’s New Supply Chokepoint
For most of the war, the economic significance of the Black Sea was measured through energy. Oil terminals, pipelines, refineries and Russia’s ability to finance...
The World Is Running Out of Safe Energy Routes
The latest developments in the Middle East make one thing increasingly clear: the energy shock is no longer only about oil prices. It is about...
The Strait of Hormuz Remains Closed, and the World Is Beginning to Understand What That Truly Means
For weeks, markets convinced themselves that the Iran crisis would eventually follow the familiar modern geopolitical script. Escalation. Television drama. Diplomatic statements. Controlled retaliation. Gradual...
The World Is Beginning to Look Like 2021 Again
The global economy is starting to rediscover a sensation it hoped had been buried with the pandemic: the slow suffocation of supply chains. Not yet...
Ceasefire on Borrowed Time
The war has not ended. It has merely paused, briefly, uneasily, under the sort of arrangement that looks like diplomacy from a distance and like...
India’s Industrial Dream Meets the Chinese Gatekeeper
India wants to be the alternative. The factory floor the West can trust, the manufacturing platform that rises as China hardens, the industrial power that...