🎯 Today's Global Economy Pulse
U.S. and Iran near interim Hormuz pact as oil trade hangs in balance
The United States and Iran are moving toward an interim agreement that could reopen the Strait of Hormuz, a chokepoint handling about one‑fifth of global oil and LNG trade. Negotiators remain split over sanctions relief, uranium enrichment limits and enforcement, with Iran agreeing in principle to dispose of highly enriched uranium while Washington weighs limited sanctions easing.
🚀 Top Global Economy Headlines
From Openness to Vulnerability: Mapping the EU’s Foreign Dependencies and Geopolitical Exposure
Recent crises and trade tensions have revealed that EU reliance on foreign suppliers can pose serious risks, especially for essential goods. This column provides a detailed and policy-relevant assessment of EU exposure, mapping trade dependencies, identifying structural vulnerabilities, and evaluating geopolitical risks through a novel multi-layer analytical framework. The authors highlight a critical subset of 206 products out of 5,361 that exhibit both high foreign dependence and significant geopolitical exposure. Nearly half of these are structurally persistent. While generally not technologically complex, the supply of these products is heavily concentrated in a small number of countries with few alternatives.
CEPR — VoxEU
Norway Doubles Down on Oil and Gas as Europe Scrambles for Supply
Norway, well known for its oil and gas production, has ramped up its fossil fuel output in recent weeks to fill the gap following the closure of the Strait of Hormuz and the ongoing energy trade disruptions. While some countries are grateful to Norway for helping alleviate oil and gas shortages, environmentalists have critiqued the move, suggesting that more of a focus must be placed on increasing the region’s renewable energy capacity. Norway appears to have taken on the role of “Europe’s saviour” as it stepped in to replace…
OilPrice.com – Main
Bitcoin’s Fed Cut Trade Flips as Bond Market Turns Into the Risk
Bloomberg reported on May 22 that bond traders are fully pricing in a Fed interest rate hike by year-end, with interest rate swaps implying the Fed's benchmark rate at least 25 basis points higher by the end of 2026. The same day, Fed Governor Christopher Waller said the Fed should remove its easing bias and […] The post Bitcoin’s Fed cut trade flips as bond market turns into the risk appeared first on CryptoSlate.
CryptoSlate
EU's 20th Sanctions Package Forces Kyrgyzstan's Hand on Russia Trade
Kyrgyzstan has taken sweeping action to clamp down on companies suspected of circumventing Western sanctions imposed on Russia following its full-scale invasion of Ukraine in 2022. The Kyrgyz Justice Ministry has announced that 50 companies will be forced to suspend their activities after they had been flagged by Western partners. "After they report risks, we study them and respond. For example, the United States and the United Kingdom have made allegations regarding 51 companies," Deputy Prime Minister Daniyar Amangeldiev told state news agency…
OilPrice.com – Main
Blowing up the World
The blockade of the Strait of Hormuz is not an isolated episode but the latest in a series of blows to the global trade and economic order that was established after the Soviet Union’s fall in the early 1990s. Hormuz should probably be unblocked one way or another – and (update alert) Donald Trump claimed […] The post Blowing up the world appeared first on Asia Times.
Asia Times – Defense
💬 Top Global Economy Social Posts
Tweet by @Steve_Hanke
The University of Michigan's consumer-sentiment index dropped to a NEW ALL-TIME LOW. TRUMP'S TARIFFS & WAR MADNESS = CRUSHES AMERICAN SENTIMENT. https://t.co/jgRxLOfRVc
Thread by @mohamed.el.erian
Hello. Should you have interest, I just posted my weekly look at the global economy and markets on both LinkedIn and Substack. Here are the links: https://www.linkedin.com/pulse/weekly-look-global-economy-markets-mohamed-el-erian-ufrte/ https://open.substack.com/pub/mohamedelerian/p/the-weekly-look-at-the-global-economy-8d2?r=33wip&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true #economy #markets