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The U.S.-Israel war on Iran has entered its third week. Oil prices have soared more than 40% since the war began two weeks ago and are up nearly 70% year to date. The S&P 500 is only down 3% so far this year and 5% off its all-time high. Dan Alamariu, the chief geopolitical strategist at Alpine Macro, predicts peak …
The Strait of Hormuz is one of the main arteries of the planetary energy system. The closure of the Strait has destabilizing effects on the entire economy. High prices of crude oil make it more expensive to fill the gas tank and raise the price of the shopping basket. Trump is aware of the threat posed by the Iranian strategy.
The Bitcoin market has experienced some significant price relief in recent weeks. The premier cryptocurrency currently trades around $71,000. The global markets have been rocked by heightened geopolitical tensions in the Middle East after the US and Israel launched a coordinated attack on Iran. The Islamic Republic of Iran has initiated a closure of the Strait of Hormuz, a major …
The Strait of Hormuz and Bab el-Mandeb are the most important maritime chokepoints in the Middle East. Since the 1980s, the two-way trade between the Gulf and Asia has boomed, but little was done to protect their supply chains. The current conflict between the US and Iran has exposed the "structural tension" in the Gulf-Asia economic relationship.
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Donald Trump's show of force against Iran turned into a geo-economic conflagration. US President wanted to show strength and create deterrence, but instead he set in motion a dynamic that was beyond his control. Josef Braml is a political scientist and USA specialist with over 20 years of research.