Headlines

King Dollar still reigns supreme in liquidity-starved Gulf

There is a certain irony in seeing some of the world’s richest countries quietly ask the United States for financial relief. For decades, the Gulf monarchies cultivated an image of inexhaustible wealth: sovereign funds the size of nations, skylines raised from desert sands and

Asia

India’s Hormuz restraint is running out of time

India’s response to the unfolding crisis in the Strait of Hormuz has, so far, been restrained. That restraint was not accidental but reflected a conscious adherence to strategic autonomy at a time when the situation was still evolving, outcomes were uncertain, and premature

Asia

Japan’s Idemitsu Maru allowed through Hormuz, history in tow

The Panama-flagged, Japanese-owned Very Large Crude Carrier (VLCC), Idemitsu Maru, has passed through the Strait of Hormuz on its way to Nagoya with a cargo of 2 million barrels of oil from Saudi Arabia. The vessel also carries a reminder that it was the Japanese oil refiner

Asia

Orban’s departure shuts China’s back door into the EU

The recent electoral defeat of Viktor Orban has drawn widespread attention, with most commentary focused on its implications for Europe and the Russia-Ukraine war. Yet this emphasis overlooks a broader strategic consequence: the potential disruption of China’s approach to

Asia

Decouple from China? Beijing now has a law against it

China’s new law on Industrial and Supply Chain Security, which took effect immediately in early April, introduces a significant new layer of regulatory oversight targeting cross-border industrial activity and global supply chains. It will inevitably have far-reaching

Asia

Strait of Malacca could be next Hormuz-like flashpoint

While recent global attention has focused on the Strait of Hormuz, which Iran has effectively held closed since late February in a move that has disrupted world energy supplies, a quieter but also important development has been taking shape in south-east Asia. On April 14, the

Asia