Thailand Has 100 Days of Oil Reserves Left: PM
Thai Prime Minister Anutin Charnvirakul announced that the nation has roughly 100 days of oil reserves remaining. The government has reduced oil exports to Laos and Myanmar by 25% and 20% respectively, citing the war in the Middle East. Officials stress there are no immediate shortages and Thailand can continue operating at full capacity. They also warned that hoarding is driving demand spikes, but urged the public not to panic.
US Federal Debt Becoming ‘Alarmingly Unsustainable’ as Iran War Fuels Spending: Analysts
U.S. sovereign debt surged to $39 trillion, a level analysts deem alarmingly unsustainable, as war‑related spending on Iran adds pressure. The debt rose $2 trillion in just a few months, with Biden’s administration issuing $4.7 trillion of new 10‑year debt since 2021. Experts...
India Maps Supply Chain Gaps in Pharma, Textiles, Fertilizers Amid West Asia War
India’s commerce ministry has launched a comprehensive audit of critical supply chains in pharma, textiles and fertilizers as the West Asia war threatens global trade. A detailed questionnaire asks firms to disclose import dependence, source countries and the substitutability of...
CBDC Neutrality, Bank Liquidity, and the Hybrid Nature of Bank Deposits
Central‑bank digital currency (CBDC) could remain neutral for banks if the central bank recycles CBDC balances back to them at rates equal to deposit‑funding costs, preserving credit creation and profit margins. Deposits, however, are hybrid instruments that provide money‑like services...
Middle East Conflict Fuels Energy, Economic Concerns for Europe Executives
European executives surveyed by The Conference Board anticipate that the ongoing Middle East conflict will exacerbate macro‑economic instability, drive higher energy costs, and cause logistics disruptions over the next six months. The poll identified these three factors as the most...
US-Iran War: Latest News
The Argus roundup highlights how the escalating US‑Iran conflict is reshaping energy markets. The International Energy Agency is boosting oil stock releases, while a temporary Jones Act waiver is prompting US crude cargoes to sail under foreign flags. WTI premiums...
This Is when Trump Will Need an Iran-Conflict Offramp if Oil Prices Aren’...
President Donald Trump’s team is scrambling for measures to curb soaring crude prices as the Iran‑Israel war enters its third week. Options on the table include a U.S. Navy escort for tankers in the Strait of Hormuz and a rapid...
Russia Eyes Export Bonanza Amid Global Energy Crisis
Russia is leveraging a U.S. waiver and global oil shortages to boost its crude and product exports. Seaborne product shipments jumped 25% to 2.6 million barrels per day, while crude exports rose about 10% in March. Production gaps caused by OPEC‑plus...
Oil Set for Weekly Surge as Mideast War Heads Toward Fourth Week
Oil prices are set for a weekly rise as the Middle‑East conflict enters its fourth week, with the Strait of Hormuz effectively shut and strikes persisting across the region. Brent crude traded above $108 per barrel, marking a more than...
US Jones Act Waiver May Alter PX Trade Flows
The United States has issued a 60‑day waiver of the Jones Act, temporarily eliminating the requirement to use U.S.-flagged vessels for domestic shipping. This regulatory shift coincides with a sharp rise in para‑xylene (PX) prices following the Iran‑Israel conflict, prompting...
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MIDDLE EAST SPILLOVER: Don’t Call It a Fuel Crisis, but Prepare to Pay
South Africa is confronting an acute fuel supply shock after the Strait of Hormuz closure disrupted Middle‑East oil flows. The government assures no station shutdowns, yet industry‑level allocation bans have left diesel pumps dry in several provinces. A strategic petroleum...
Brazil's MGO Demand Slumps Due to Export Tax
Brazil imposed a 50% tax on diesel and marine gasoil (MGO) exports on 12 March, causing demand in Brazilian ports to collapse. Suppliers report "non‑existent" MGO volumes as buyers shift to very‑low‑sulfur fuel oil (VLSFO). Even domestically flagged vessels now prefer...
Better Days Coming to Cuba?
A wave of international assistance is reaching Cuba, highlighted by a Russian oil tanker and humanitarian convoys from several nations. The fuel deliveries aim to alleviate chronic shortages that have crippled transportation and tourism. Commentators on social platforms expressed cautious...
$166 a Barrel? Middle East Oil Gives Clue to Where All Prices Could Be Headed if Iran War Drags On
Dubai crude surged to a record $166 a barrel as U.S.-Iran hostilities crippled transit through the Strait of Hormuz. Brent crude has risen nearly 48% since the conflict began, trading around $106, while WTI lags but faces upward pressure. Analysts...
The Oil Shock May Not Stop at the Pump
The article warns that a disruption in the Strait of Hormuz could turn an oil price shock into a fertilizer shock, raising food costs and broadening inflation. About one‑third of global fertilizer exports, especially nitrogen‑based urea, pass through Hormuz, and...
Putin Is Counting on Western Disunity to Hand Him Victory in Ukraine
Russian President Vladimir Putin sees victory in Ukraine hinging on growing disunity among Western allies. Despite stalled battlefield gains, he maintains maximalist demands, rejecting any peace that leaves most of Ukraine independent. Recent shifts—including U.S. aid cuts under President Trump,...
Kaluderovic in Foreign Policy: The Drone Attrition Tap
Clara Kaluderovic’s recent Foreign Policy piece highlights the accelerating attrition of Iranian drones deployed across the Middle East. While Iran continues to mass‑produce low‑cost loitering munitions, battlefield losses are outpacing its output, forcing Tehran to tap deeper into regional supply...
Kaluderovic in Fox News: Trump’s Strike on Iran Deals a Major Blow to Putin’s War Machine in Ukraine
President Trump ordered a precision strike against Iranian facilities believed to be supplying drones and missiles to Russia. The attack destroyed key stockpiles in Syria, cutting off a significant portion of Tehran’s arms flow to Moscow’s war effort in Ukraine....
Middle East War Will ‘Amplify’ Volatility in Global Supply Chains: Cosco
Cosco Shipping warned that the ongoing war in the Middle East will heighten volatility across global supply chains and speed up regionalization and nearshoring trends in 2026. The liner‑shipping and terminal operator highlighted weak macro‑economic momentum and a severe external...
Gongadze in Ukrainska Pravda: “Europe at War.” Friends of Europe’s Warning Shot
Myroslava Gongadze wrote in Ukrainska Pravda that Europe is effectively at war, citing the ongoing Russian invasion of Ukraine and its spill‑over risks. She referenced a warning from the Friends of Europe think‑tank that the continent faces escalating security threats...
Rising Gasoline Prices and Their Impact on US Inflation and Economy
U.S. regular gasoline prices jumped nearly 90 cents to about $3.80 per gallon, while diesel rose $1.40 to just over $5, according to AAA data. The surge could cost the average household more than $600 in extra fuel expenses this...
Trump Praises Japan’s Takaichi on Iran as Hormuz Crisis Strains Allies
U.S. President Donald Trump welcomed Japanese Prime Minister Sanae Takaichi to the White House, praising Japan for “stepping up” on Iran while contrasting it with NATO’s lukewarm stance. The discussion focused on securing the Strait of Hormuz, expanding energy cooperation,...
Reefer Shippers Play Waiting Game with Boxes Stuck Outside Persian Gulf
Cold‑chain carriers are forced to pause reefer movements to the Middle East after the war erupted on Feb. 28, leaving containers stranded at ports outside the Persian Gulf. Ocean carriers have suspended acceptance of refrigerated, dangerous and special cargo in the...
Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The World Trade Organization warned that the ongoing U.S.-Israeli war with Iran could further depress global trade in 2026. WTO forecasts goods trade growth at just 1.9%, a sharp decline from the 4.6% expected in 2025. Elevated crude oil and...
Tanzania Tax Review Warns of Trust Erosion, Proposes Sweeping Overhaul
A presidential tax reform commission in Tanzania presented a sweeping overhaul after a 17‑month delay, warning that the current tax system is eroding public trust. The nine‑member panel delivered 284 recommendations, including a formal National Tax Policy, a new Tax...
South Korea’s Arms Exports Are Now Involved in the Iran War
South Korea’s defence industry has become a key supplier to the United Arab Emirates, delivering M‑SAM 2 interceptors that have achieved a reported 96 percent hit rate against Iranian missiles. The conflict has forced Seoul to air‑lift interceptor reloads into an active...
The Iran War Tests Taiwan’s Energy Resilience
The US‑Israel war with Iran is disrupting Middle‑East oil and LNG shipments, exposing Taiwan’s heavy reliance on imported energy. Taiwan imports 95% of its energy, over 99% of oil and gas, and holds about 150 days of oil reserves but...
David vs Goliath: How Vanuatu Is Standing up to the US
Vanuatu is leading a diplomatic push at the United Nations to adopt a resolution that would implement the International Court of Justice’s 2025 advisory opinion on climate‑justice obligations. The draft, slated for an Earth Day vote on 22 April 2026, calls for...
Public Opinion in China Is Hardening on America and Taiwan
A new poll reveals Chinese public opinion is hardening toward the United States and Taiwan, with growing anti‑American sentiment and declining support for Taiwan’s independence. The survey, covering over a thousand respondents in major cities, shows a 12% drop in...
China’s Central Bank Pledges Stability in Capital Markets Amid Global Sell-Off
China’s central bank has elevated capital‑market stability to a major task for 2026, pledging to safeguard stock, bond and foreign‑exchange markets amid heightened global volatility. The announcement came as the Shanghai Composite slipped 1.39%, reflecting broader sell‑offs triggered by the...
Taiwan’s New Southbound 2.0: Rewiring the Indo-Pacific Beyond China
At the 2026 Yushan Forum, President Lai Ching‑te recast Taiwan’s New Southbound Policy as a broader Indo‑Pacific strategy that blends trade, technology, democratic cooperation, and security. The forum attracted over 70 leaders from 22 nations, underscoring Taiwan’s push to deepen...
Monetary Policy Decisions
The European Central Bank kept its three key policy rates unchanged on 19 March 2026, maintaining the deposit facility at 2.00 %, the main refinancing rate at 2.15 % and the marginal lending facility at 2.40 %. It highlighted that inflation is hovering around the...
Bank of England Votes Unanimously to Leave Rates Unchanged at 3.75%
The Bank of England’s Monetary Policy Committee voted unanimously to keep the Bank Rate at 3.75%. The decision comes as inflation remains above the 2% target, pressured by higher energy prices and geopolitical uncertainty. By holding rates steady, the MPC...
As War in Iran Roils Energy Markets, Europe Pays Price of ‘Dependency’
Europe’s energy markets were jolted on Thursday as military strikes on Qatar and Iran drove natural‑gas prices above €70/MWh and Brent crude past $114 per barrel, levels not seen since the 2022 Russia‑Ukraine war. French officials highlighted that 90% of...
If the Iran War Takes Oil Above US$120 a Barrel, How Bad Could the Shock Get?
The escalating US‑Israel‑Iran conflict has pushed crude prices above $120 a barrel as Iranian forces strike Gulf oil and LNG infrastructure and the Strait of Hormuz remains closed. Analysts warn that the disruption could evolve into a prolonged supply shock,...
Filipino Jeepney Drivers Struggle as Oil Prices Surge: ‘What We Earn Goes to Diesel’
The war in the Middle East has driven global oil prices higher, pushing Philippine diesel costs up more than double. Jeepney drivers like Toni Prado now earn as little as 200 pesos a day, down from roughly 1,000 pesos, prompting...
Which Country Is the Biggest Loser From the Energy Shock?
The article examines how the recent global energy shock is disproportionately harming South Asian economies. Nepal faces long queues and rationing for cooking gas, Sri Lanka has ordered Wednesday factory shutdowns, and Pakistan has closed schools and shifted universities online. The...
Should the Gulf Arab States Join the War Against Iran?
Saudi Arabia and the United Arab Emirates have sophisticated air forces capable of striking Iranian missile and drone sites, but they have so far limited their involvement to defensive measures. Their fleets include modern F-15s, Eurofighter Typhoons and advanced F-16...
All That Glitters: Gold’s Exceptional Performance in 2025 and Portfolio Implications
Gold delivered the strongest return among major asset classes in 2025, climbing roughly 64% and breaching $5,000 per ounce in early 2026 with an 18% January surge. The rally was fueled by heightened geopolitical risk, a weaker U.S. dollar, aggressive...
MEPs Clear Path for Full Adoption of EU–US Trade Deal
The European Parliament’s trade committee voted 29‑for‑0 to eliminate EU tariffs on most US industrial goods, clearing a key hurdle for the EU‑US trade agreement signed in July 2025. The deal retains a 15% US tariff on EU imports while...
China Cutting Back Fertiliser Exports
China has imposed strict limits on fertilizer exports, banning nitrogen‑potassium blends and many phosphate varieties while allowing only a few products such as ammonium sulphate. The curbs affect up to 40 million tonnes, roughly half to three‑quarters of last year’s shipments,...
Shanghai Certifies 30 Overseas Offices Amid China’s Investment Sales Pitch
Shanghai certified 30 new regional headquarters and 15 overseas‑funded R&D centres, including eight Fortune 500 firms. The certifications highlight continued foreign interest despite a three‑year decline in China’s realised FDI. Shanghai now hosts over 1,000 HQs and 647 R&D sites, reinforcing...
Austria: Restoring the Public Finances in the Face of Ageing
Austria’s public finances have deteriorated after energy price shocks and a post‑pandemic slowdown, leaving the 2025 deficit at 4.5% of GDP and debt at roughly 80% of GDP. The government has launched a seven‑year fiscal consolidation plan aiming to cut...
UK Job Market Softens as Economy Set to Worsen
UK employment data show a softening labour market, with payroll jobs falling by 49,000 in February and vacancies slipping to 721,000, the lowest level in recent months. The unemployment rate held steady at 5.2% despite the job losses. Wage growth...
A Guide to Emerging Markets Investing Solutions>
Emerging markets, home to 87% of the global population and projected to generate 60% of world GDP by 2026, are vastly under‑represented in international equity indices, creating a structural allocation gap. VanEck leverages this gap with $8.1 billion in EM assets,...
We Need to Be Honest About Iran – and How Our Rampant Greed for Oil Is Causing Mayhem | George...
George Monbiot argues that Western interventions in Iran, beginning with the 1953 oil‑driven coup, illustrate how fossil‑fuel greed fuels geopolitical conflict. He links that historic struggle to today’s climate emergency, noting that oil profits sustain wars, authoritarian regimes, and climate...
Explainer | Why India Is Pushing to Cut Remittance Costs at WTO
India is spearheading a WTO proposal to slash cross‑border remittance fees that currently eat 5‑6% of transaction values. The initiative targets regulatory and technical barriers, aiming to bring costs below the UN Sustainable Development Goal of 3% by 2030. Backed...
Indonesia’s Closing Window for a Demographic Dividend
Indonesia’s once‑large demographic dividend is nearing its end as the youth population peaks around 2030 and begins to shrink. While the working‑age cohort will still grow to over 200 million by 2045, manufacturing’s contribution to GDP has stalled, exposing a mismatch...
Producer Price Index: Wholesale Inflation Up 0.7% In February
Wholesale inflation accelerated in February, with the Producer Price Index rising 0.7% month‑over‑month, surpassing the 0.3% consensus. Core PPI, which strips out food and energy, increased 0.5% m/m and 3.9% year‑over‑year, indicating persistent underlying price pressure. Finished‑goods prices jumped 1.0%...
New Fed "Dot Plot" Sends Markets Sliding
The Federal Reserve left its policy rate unchanged at 3.50‑3.75% and, via the latest dot‑plot, signaled only a single 25‑basis‑point cut for 2026 and another in 2027. The announcement sent the Dow, S&P 500, Nasdaq and Russell 2000 down between 1.3% and...