The latest twist in Washington’s strategy towards Iran perfectly illustrates the strategic confusion that now surrounds the Middle East. Only twenty-four hours after announcing a...
For years, Turkey has occupied a unique position within emerging markets. It combined the dynamism of a large economy with deep and liquid capital markets,...
Markets celebrated the announcement of the interim agreement between the United States and Iran as though geopolitical risk had suddenly disappeared. Investors immediately priced the...
For years, emerging markets accumulated US Treasuries as a form of financial insurance. They were supposed to be the ultimate reserve asset: liquid, stable, universally...
Wars are often measured in territory, in tonnage, in casualty reports and communiqués. But the real violence begins when the pipes stop flowing. What is...
When Turkey imprisoned President Recep Tayyip Erdogan’s main political rival over the weekend, thousands of protesters poured onto the streets. However, the response from the...
If Donald Trump’s latest stance on Gaza and the Middle East proves anything, it’s that short-term thinking and reckless bravado remain the defining pillars of...
As Syrian President Bashar al-Assad flees to Moscow, leaving behind a palace ransacked by looters and streets filled with jubilant crowds in Damascus, the world...