A 33-kilometre strait between Iran and Oman carries one-fifth of the world’s daily oil supply. A Yemeni militia’s drone campaign halved Red Sea oil flows in a single…

Systemic crises are rarely true black swans. They announce themselves in the data — in yield spreads, credit flows, liquidity strains and confidence metrics — months or years…

Pipelines, LNG terminals, rare earth licences and battery supply chains have replaced tanks and fleets as the decisive instruments of 21st-century geopolitical leverage. For Europe, this shift is…