Headlines

Iran war shows dollar’s grip starting to slip on Asia

For years, markets have treated geopolitical tension as a one-way trade: buy dollars, sell Asia. The logic has been simple and, until now, largely reliable. Conflict pushes oil higher, capital rushes into US assets and Asian currencies weaken under the combined weight of

Only China can end the Iran war

There is a certain dark comedy in watching Washington once again discover — after the bodies have piled up and the treasury has been bled — that the war it started cannot be won on the battlefield. The US conflict with Iran, like so many of its predecessors in the region, was