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Middle East Danger Zones: A 2026 Update

Danger Zones In February 2026, the United States and Israel attacked Iran, kickstarting a new Middle East ‘energy conflict’. And like most energy conflicts over the past half century, this one too began after the region fell into a ‘danger zone’. The notion of a danger zone was first introduced in our paper, ‘Bringing Capital […]
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What Mearsheimer Gets Right — and Wrong — About 38 Million Sanctions Deaths
Image: The News Statesman John Mearsheimer recently stated that U.S. sanctions murdered around 38 million people between 1971 and 2021 – see the video below. It is a dramatic figure, and it has spread quickly because it captures, in one sentence, the enormous human cost of modern sanctions. I share his concern about the destructive […]
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Beijing Shows Panama the Cost of Abandoning Neutrality

For decades, Panama successfully cultivated a foreign policy posture of strict neutrality defined by its unique geography centered on the operation of the Panama Canal. This small-state hedging strategy allowed Panama to welcome commercial presence from both the United States and China while maintaining the waterway’s treaty-based impartiality. However, in early 2026, this equilibrium shattered. […]
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Blocking Fertilisers: The Hormuz Strait and Agricultural Shock
The closure of virtually all commercial traffic through the Strait of Hormuz occasioned by the Iran War is not merely a matter of oil and gas, the usual prized duo that feature in the nervous chatter of global markets. There are other less conspicuous products that have also been snared in the process. Consider fertilisers, […]
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Why China Crushed Its Own Tech Giants
In late 2020, Beijing did the unthinkable: it attacked its own champions. Trillions in market value vanished, the world’s largest IPO was halted, and entire industries were banned overnight. Western investors called it “economic suicide,” but they were looking at stock prices while China was looking at its society. This episode explains why the “Golden […]

