Money moves; power explains why. This section brings together work on how political and military decisions ultimately affect the price of things.
What is analysed
- Straits and routes: the Strait of Hormuz, Bab el-Mandeb, the Arctic – the routes through which the goods we buy pass.
- Supply chains: Chips, rare earths and the dependencies that go unnoticed until they fail.
- Sanctions and energy What is the cost of turning off the tap, and who pays for it?
- Elections and regimes: When does political change move a market, and when does it not?
Published documents
- 8 Oct 2026Geopolitical and geoeconomic report, week 41 2026
A fortnight ago I closed this report by saying that, if I had to watch only one thing, I would look at Brent and the ten-year Treasury together. Brent has done what…
- 24 Sep 2026Geopolitical and Geoeconomic Report, week 39 2026
For much of the past few years, we have treated geopolitics as if it were an external disturbance that, sooner or later, would be absorbed by the markets. A war pushed oil…