Headlines

World nears oil operational floor, $200/b without Hormuz deal

The International Energy Agency has made its May report free to download, and the news is not good for the second and third quarters of this year, i.e. April-September. The IEA hopes things will look up in the fourth quarter, but premises that expectation on an early end to the

Asia

China’s HQ-16F primed for Taiwan war far beyond the Strait

China’s deployment of the HQ-16F missile opposite Taiwan reflects Beijing’s growing concern that future wars may be fought not just across the Strait, but deep inside the mainland itself. This month, the South China Morning Post (SCMP) reported that China has deployed a

Asia

Rupiah’s collapse could trigger a political crisis for Prabowo

When Indonesia’s rupiah breached the new psychological threshold of 18,155 per US dollar today (June 8), the currency’s lowest ever level, social stability alarm bells rang louder than at any time since the 1997-98 Asian financial crisis. Attempts to calm public anxiety with

Asia

Indonesia's Prabowo appoints new head of free meals agency

JAKARTA, June 8 - Indonesian President Prabowo Subianto on Monday appointed a new head of the agency responsible for implementing his flagship free meals programme, replacing the previous office holder who was dismissed and arrested on graft charges last week.

Asia

With or without China, Shangri-La Dialogue is still relevant

Former Straits Times editor-in-chief Warren Fernandez writes with characteristic elegance in his latest RSIS piece, “With or Without You: The U2 Doctrine Comes to Shangri-La”, carried in The Straits Times on June 3, 2026. The piece gives cause for three reflections from this

Asia

Iran blames US for latest exchanges of fire with Israel

DUBAI, June 8 - Overnight exchanges of fire between Iran and Israel will only worsen an already \"chaotic diplomatic process\" with the United States, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Monday, adding that Tehran was exchanging messages with

Asia

Why Europe should erect high and hard trade barriers on China

As regular readers of this blog know, I’m pretty ambivalent about trade barriers as an economic policy. On one hand, I think targeted tariffs and other trade barriers can be used to protect strategic industries from surges in underpriced import competition, especially by

Asia

Myanmar’s military ‘comeback’ claim doesn’t hold water

Coup maker Senior General Min Aung Hlaing’s allies want the world to believe that Myanmar’s military is “on the upswing” and “mounting a comeback” in a war that foreign media increasingly describe as “forgotten.” Recent US media coverage leans into that storyline, highlighting

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