Asia’s energy shock

The Strait of Hormuz, a channel barely three kilometres wide at its narrowest point, has once again demonstrated its power to unsettle the global economy. On April 18th, Iranian gunboats fired on a tanker in the waterway, and Tehran announced…

A Fragile Truce Unravels

The collapse of direct talks between the United States and Iran in Islamabad marks a sobering setback for efforts to stabilise a region already strained by six weeks of conflict. After 21 hours of negotiations, which began on April 11…