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US-Iran War Losses Still Trail the 1979 Oil Shock in Total Economic Impact

The ongoing war in Iran has caused the largest oil supply shock in history, resulting in daily production losses that are unprecedented. However, the oil crisis linked to the 1979 Iranian Revolution remains the largest when considering total cumulative supply loss. This situation has drawn comparisons to past …

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The Return of Great-Power Spheres of Influence

Marta Rehnman After decades of a rule-based international order built on the principle ofnational sovereignty and territorial integrity and equal interactions based on  multilateralism, which emerged after two world wars driven by nationalist expansionism and imperial rivalries, a new era of geopolitics ruled by great powers who are …

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Assessing the Global Impact of the U.S.-Iran Deal

Holger Schmieding In their framework agreement (to be signed on Friday), Iran and the United States have apparently left some key issues unresolved. Lots of open issues Examples seem to include the dilution or disposal of Iran’s highly enriched uranium, the Israel/Lebanon issue, some details of long-term sanctions …

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The Globalization of Hamas Under Turkey’s Patronage

 Hadi Elis Over the past two decades, Hamas has evolved from a predominantly localized Palestinian militant movement into a transnational organization with extensive political, financial, and operational networks spanning multiple continents. This transformation has not occurred in isolation. Rather, it has been facilitated by a combination of state …

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Is the Strait of Hormuz reopening driving a tanker market recovery?

The partial reopening of the Strait of Hormuz is beginning to reshape global oil shipping, with tanker owners and charterers repositioning vessels in anticipation of a sustained recovery in Gulf exports. Although the strategic waterway remains only partially navigable and subject to heightened security risks, shipping data, vessel …

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The Multipolar Moment: Why Declining Hegemony Doesn’t Guarantee a Better World

Ibrahim Ahmad The international order is falling apart, happening visibly, rapidly, and in ways that no longer surprise even the most committed defenders of the post-1945 liberal framework. The United Nations Security Council has not been able to do anything about the problems in Gaza and Ukraine. The …

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Turkey says US remains committed to NATO despite alliance tensions

Turkey has sought to reassure allies that the United States remains committed to NATO despite growing concerns over Washington’s future role in the alliance. Ahead of the NATO summit in Ankara, Turkish Defence Minister Yasar Guler said the alliance is adapting to an evolving security environment rather than …

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UN warns Hormuz disruption could leave lasting economic scars

The reopening of the Strait of Hormuz may have eased immediate concerns over global energy supplies, but the economic consequences of months of disruption are likely to persist for many vulnerable economies, according to the United Nations Conference on Trade and Development (UNCTAD). While oil prices have largely …

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EurAsian (Networks of) Corridors

For over a century, discussions about Eurasia have been dominated by the language of competition. The last two decades accelerated it further: Analysts compare the International North-South Transport Corridor (INSTC) with the Middle Corridor. Governments promote competing port projects. Policymakers debate sanctions, strategic influence, transit revenues, and geopolitical …

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