Headlines

Indonesia losing its sovereign way between US and China

By any reasonable reading, Indonesia’s foreign ministry is right to urge caution over a new proposed US military overflight agreement. But the deeper problem is not the deal itself. It is what the deal reveals: a foreign policy that is increasingly ad hoc, reactive and at times

Taiwan’s opposition courting China as faith in US fades

The visit of Cheng Li-wun, chairwoman of the Kuomintang (KMT), Taiwan’s largest opposition party, to the People’s Republic of China arguably marked a historic moment in cross-strait relations. It was the first such visit by a KMT chair in a decade, and the meeting between Cheng

Will oil prices ever truly return to ‘normal’?

The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic. Deep uncertainty about how long

China carefully navigating Iran’s tighter Hormuz grip

The Trump administration claims its blockade of the Strait of Hormuz is working, with nine ships complying with orders to turn around. One of those was a Chinese-owned tanker called the Rich Starry that turned around in the Gulf of Oman on Wednesday to head back through the

US Big Oil earning $30 million per hour from Iran war

US President Donald Trump’s unprovoked war of choice in Iran has been a goldmine for America’s fossil fuels industry, which is earning massive windfall profits thanks to the rise in the price of petroleum. An analysis published by The Guardian on Wednesday estimated that the