Strait of Hormuz Crisis: Why U.S.-Iran Tensions Matter Far Beyond the Gulf
The Strait of Hormuz is a narrow waterway, but the energy and shipping that pass through it make political decisions around the strait a global economic issue.
Conflict, diplomacy, society and the forces reshaping the international order.
The Strait of Hormuz is a narrow waterway, but the energy and shipping that pass through it make political decisions around the strait a global economic issue.
The war in Ukraine remains a human tragedy first, but its effects reach far beyond the battlefield—through energy, food, trade, public spending and global security.
The World Meteorological Organization says El Niño conditions are developing and could strengthen, raising the risk of heat, drought and heavy rainfall in different parts of the world.
Africa's economy is expected to grow faster than the world average in 2026, but stronger headline growth does not automatically mean broad prosperity.
International trade used to be discussed mainly in terms of ships, factories and physical goods. That picture is incomplete. Services delivered online, software, cloud activity, digital consulting, creative work and other cross-border services are becoming a larger part of how economies connect.
The global supply chain is no longer being designed around the simple idea of finding the cheapest supplier and moving goods through the shortest route. Companies are increasingly weighing resilience, political risk, shipping capacity, energy costs, digital infrastructure and access to alternative suppliers.
Trust in government is easy to notice when it disappears and easy to overlook when it works. People depend on public institutions for documents, schools, hospitals, policing, courts, infrastructure and rules that make economic activity possible.
When households say life has become expensive, they are often describing the combined effect of many policies and market forces rather than a single government decision. Taxes, energy rules, transport policy, trade measures, housing policy, interest rates and public spending can all influence the final cost of living.