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Europe

Europe’s Perfect Storm: Drought, War and the Coming Food Shock

Europe’s drought is damaging crops, draining rivers and constraining power generation just as the Iran war disrupts oil and fertiliser supplies through Hormuz. Saudi Arabia’s Red Sea escape route is under pressure too. The consequences are already reaching the 2026 harvest; what happens to Europe’s rain and the war this winter could determine the harvest of 2027.

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World

History Has Started Moving Again

For three decades the world appeared to move in one direction. Trade expanded, technology erased distance and globalisation seemed irreversible. Today those assumptions are…

In depth

Iran

America’s Gulf security system is turning inside out

America’s Gulf bases, ports and pipelines were built to contain Iran. They now expose the region’s water, energy and military infrastructure to retaliation—while a war intended to prevent an Iranian nuclear weapon may create…

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United States

Trump Is Burning Through America’s Last Oil Cushion

Trump’s drawdown of the Strategic Petroleum Reserve reveals a more serious weakness: America’s shrinking margin for another Gulf crisis. With the reserve less than half full and refineries dependent on the right crude mix,…

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