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World Trade

The Black Sea Is Becoming Uninsurable

The Black Sea is rapidly becoming too dangerous for international commerce. Commercial vessels have been attacked near Romania, Bulgaria, Ukraine, and Russia within...

The Blockade Has Done What Sanctions Could Not

For years, Washington proclaimed that sanctions would shut down Iranian oil exports. They never did. Iran adapted because markets ALWAYS adapt. Tehran assembled a...

The Houthis Have Saudi Arabia Trapped Between Two Chokepoints

The Houthis have not technically seized the entire Red Sea, but that distinction is becoming almost meaningless for Saudi Arabia. Their forces have swept down...

Sanctions Have Become Economic Warfare

Trump has now signed the sweeping Russia sanctions legislation championed by the late Senator Lindsey Graham. The bill passed the Senate 86-11 and the House...

Syria Is Converting a Russian Military Pier into a Trade Route

Syria has received its first shipments of wheat and cement at Berth No. 4 in the port of Tartous, a facility previously controlled by Russian forces. On the...

China and Egypt Unite

China and Egypt had their second joint air force exercise, “Eagles of Civilization 2026,” running from mid-August into early September. The exercises include...

The Strait of Hormuz Is Repricing the Entire World Economy

The politicians continue to speak about the Strait of Hormuz as though this were merely a regional dispute between Iran and its neighbors. That is complete...

Will the Diesel Crisis Decide the 2026 Elections?

The political class watches the price of crude oil and gasoline because that is what appears in the headlines, but the real warning is diesel. The average retail...

UAE Trade Ban on Iran

The United Arab Emirates has suspended all trade, commercial exchanges, and financial transactions with Iran until further notice after accusing Tehran of launching...

Europe Is Sanctioning Its Way Into Economic Irrelevance

Europe apparently believes it can sanction the entire world into submission. Eight countries outside the European Union have now agreed to align themselves with...