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Structural strains grip Tokyo and Seoul

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Japan and South Korea ride a one-day rally into growing uncertainty Scott Foster reports that a brief market rally driven by shifting US signals quickly faded, leaving

The deal to reopen Hormuz is nowhere near done

Wednesday’s ceasefire announcement by President Donald Trump, linked to Iran reopening the Strait of Hormuz, prompted immediate optimism shipping would quickly resume. It didn’t. The following morning, traffic remained minimal. A handful of vessels, largely linked to Iran, made

Iran ceasefire: too many brokers, too little leverage

Pakistan, with China’s help, brokered it. Turkey and Egypt shuttled the proposals. Qatar had been working the phones for weeks. When the ceasefire between the United States, Israel and Iran was announced on April 7, Pakistan had stepped forward as the lead mediator, pulling the

Ending Israel’s war on peace

A two-week ceasefire has partially halted the Israel-US war on Iran. The war accomplished precisely nothing that a competent diplomat could not have achieved in an afternoon. The Strait of Hormuz was open before the war and it is open again now, but with more Iranian control.