26 Oct 2026
Hormuz doesn’t need to close to make everything more expensive
Iran does not need to block the strait to do damage; it is enough that crossing it is expensive, slow and uncertain. The cost of insuring a tanker…
Iran does not need to block the strait to do damage; it is enough that crossing it is expensive, slow and uncertain. The cost of insuring a tanker…
In sixteen days the United States will renew the entire House of Representatives and slightly more than a third of the Senate. Almost everything written about these elections…
The 3 November elections could leave Donald Trump without one or even both chambers, open the door to a third impeachment and bring forward the battle for his…
The United States has moved from making Iranian oil more expensive to trying to stop it from being shipped, paid for and spent. The difference looks technical, but…
The market is watching the barrels and the problem is no longer there. It is in the ships that have stopped sailing, and in who decided they should…
The battleground in the Gulf is not oil; it is the capital that funds artificial intelligence. Whoever provides that money will shape the next decade.
The Ayatollahs’ regime is now sustained solely by force. The attack on the nuclear facilities does not mark the start of a crisis: it marks the beginning of…
In 1979, Iran overthrew the Shah to put an end to inequality and repression. Half a century on, it has more of both, and an economy in tatters.
The melting ice has turned the most overlooked region on the planet into a key player on the world stage. Four times the size of Spain, yet governed…
Maduro’s capture is not a legal anomaly: it is a doctrine decades old. The strange part is not how it was done, but that it surprises anyone.
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