Headlines

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.

Iran ceasefire won’t easily ease emerging Asia’s pain

TOKYO — Global markets are struggling to discern if the US-Iran ceasefire is real or happy talk. Yet emerging-market governments in Asia don’t have that luxury as capital outflows accelerate. Already, outflows to date put developing economies at the center of the collateral

N Korea building a new war playbook from Iran and Ukraine

North Korea’s latest weapons tests suggest it is rapidly integrating battlefield lessons from Iran and Ukraine into a playbook designed to strain missile defenses and fight through a regional war in Asia. This month, the New York Times (NYT) reported that North Korea conducted