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Economics

War, Energy, and the Remaking of Global Order in Beijing’s Image

The looming May 14–15 summit in Beijing between Donald Trump and Xi Jinping presents a puzzle that conventional geopolitical maps struggle to navigate. As Trump seeks to end the major military operations against Iran before this high-stakes visit, he will find a Chinese leader who is not coming …

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Iran’s New Strait of Hormuz Protocol

Iran’s new protocol for the Strait of Hormuz is not a normal maritime regulation. It is a wartime instrument being repackaged as a postwar order. The Reuters report on the ceasefire bargain, the Reuters report on Tehran’s preconditions, and the Reuters report on the Islamabad talks all point …

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The war that ended nothing

On February 28th, nearly 900 strikes in 12 hours by the United States and Israel hit Iran. By morning, the Supreme Leader was dead. Within days, the Strait of Hormuz was closed, oil surged past $120 a barrel, and Gulf skies filled with interceptors chasing drones that refused …

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Xi Calls For Rule of Law as China Pushes Back on Middle East War

Xi Jinping has called for the international rule of law to be upheld in the Middle East, in a pointed critique of the ongoing Iran war involving the United States and Israel. Speaking during a meeting in Beijing with Khaled bin Mohamed bin Zayed Al Nahyan, Xi warned …

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Israel and Lebanon Hold US Mediated Talks as Gaza Spillover Conflict Escalates

Israeli and Lebanese envoys are set to meet in Washington in US mediated negotiations aimed at reducing escalating violence between Israel and Lebanon. The talks come amid intensified fighting involving the Iran backed group Hezbollah during the wider Iran war. The conflict escalated after Hezbollah launched missile strikes …

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The Natural Effect of War: Trump, Hormuz and the Logic of Doux Commerce

Arthur Michelino Trump’s suggestion that the United States and Iran might co-administer toll revenues in the Strait of Hormuz has been walked back by the White House within hours. Actually, there is not even a serious reason to believe the joint venture specifically survives the two-week ceasefire window …

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Pakistan’s Illusion of Mediation in the Iran–U.S. Ceasefire

Dimitra Staikou As Henry Kissinger once observed, diplomacy is ultimately the art of limiting power. In Pakistan’s case, however, the late-March 2026 ceasefire between the United States and Iran did not demonstrate diplomatic strength—it exposed its limits. Rather than shaping outcomes, Islamabad revealed that it lacks both the …

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Behind the U.S.–Iran Talks: An Open Conflict with a Diplomatic Ceiling

Dr. Shehab Al-Makahleh Behind the sealed doors of Islamabad, the negotiations between the United States and Iran were never about drafting a mere “agreement.” What unfolded was something far more intricate—an extension of conflict itself, reconfigured into the language of diplomacy. Public imagination, ever hungry for binary conclusions, …

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From Nuclear to Sanctions Relief: The Key Issues in U.S.-Iran Talks in Pakistan

Top U. S. and Iranian officials met in Islamabad to discuss ending their ongoing conflict in the Middle East, which has caused significant harm. Key topics include Iran’s demand for a ceasefire in Lebanon, where fighting has resulted in nearly 2,000 fatalities among Hezbollah militants since March. Iran …

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