"On war, Trump must remember the wisdom of St. Augustine
Peace is not merely the absence of fear. It stabilizes the conditions under which ordinary people can act, plan, invest, and raise families."
#Russia #India #China #USA #Economy #Finance #Technology #Security #News #Iran #Israel #War #EU #NATO #Oil #Nuclear #Weapons
"IRGC says Iranian forces destroy two US C-130 aircraft and two Black Hawk helicopters
We reported earlier that Iranian media said a C-130 aircraft was destroyed during a US operation to rescue a crew member from a downed F-15 fighter jet."
#Russia #India #China #USA #Economy #Finance #Technology #Security #News #Iran #Israel #War #EU #NATO #Oil #Nuclear #Weapons
“The strait’s closure presents three big risks to Asian economies. The first is rising fuel prices. These will increase costs elsewhere and crimp growth, potentially causing a stagflationary spiral. The immediate pain is being felt by motorists across the region, but especially in South-East Asia. Globally, petrol prices have risen by 14% since the war began; in South-East Asian countries the figure is 42%. Prices in the Philippines and Myanmar have shot up by more than 70%, among the biggest jumps in the world (see chart 1).
In other parts of Asia, such as India and Bangladesh, the jump has not yet been felt at the pumps—but that is only because their governments control fuel prices. On March 27th the Indian government said that it would slash central excise duties on petrol and diesel in order to keep pump prices from rising. Australia and Vietnam have promised similar measures to absorb higher oil prices. In South Korea, which imports 70% of its oil from the Middle East, the government has imposed a fuel-price cap to limit the damage.
The second risk, therefore, is to Asian governments’ balance-sheets. Many already spend heavily to subsidise energy or set fuel prices, but the fiscal room available for such interventions varies enormously.”
https://www.economist.com/asia/2026/04/01/how-the-gulfs-war-is-becoming-asias-crisis-too
“Despite potential signs of de-escalation in the Middle East, lasting damage to oil and gas infrastructure in the region and the risk of continued disruption to shipments via the Strait of Hormuz could keep energy prices high in coming months.
High fuel prices and shortages force consumers to buy fewer goods. Businesses invest less and governments conserve scarce resources, causing economies to experience weaker growth. The enduring disruption of an energy shock can trigger the destruction of demand, driving economies towards stagnation and recession.
Middle-income and developing economies have been hit first and worst because of the higher energy intensity of their economies. In Asia in particular, they also lack domestic oil and gas production and have relied heavily on supplies from the Middle East.
More energy is needed per unit of economic output in manufacturing and export-led developing countries such as Thailand than in a services-dominated economy such as Belgium.“
https://www.ft.com/content/a9f56d68-4cdd-47f7-873e-ca6ac0ea8962?syn-25a6b1a6=1
European drivers choke on rising diesel prices due to the Iran conflict.
European drivers face a record fuel inflation as diesel prices have spiralled by more than 30 percent since the start of the Iran war, highlighting the continent’s dependence on imported energy and the lingering prominence of diesel on the car market.
#Diesel #Iran #Oil #Europe #Inflation #Transport #Business #FossilFuel
The Chevron Plant That Broke the Fertilizer Market — And...
Chevron's Wheatstone LNG plant outage triggered a global fertilizer crisis, driving urea prices up 50% amid China and Russia export bans. Analysis of market impact through 2024.
https://theboard.world/articles/energy/chevron-plant-broke-fertilizer-market-not-war-zone
For all the talk of high-tech warfare, AI-targeting & drones as transformative of battle(s) it will not have escaped your notice that Iran has caused the maximum amount of global disruption (surely one of they clear defensive aims) by the simple expedient of mining the Strait of Hormuz (mines, of course, being a naval war technology of some history).
Whatever you think of Iran, they've managed this part of their defence pretty well & outfoxed the Tangerine Tyrant!
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BOCVIP
Miguel Afonso Caetano
MediaFaro Analysis
Erik Jonker
geoworldpolitical
Emeritus Prof Christopher May