economy

The Strait of Hormuz to re-open. Now what?

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The Strait of Hormuz to re-open. Now what?

In a flurry of diplomatic activity over the last days, Iran and the U.S. appear at last to have reached an initial agreement to wind down hostilities and open the Strait of Hormuz to seaborne traffic. The agreement is due to be signed in a formal ceremony Friday in Switzerland, but the immediate impact of … Read more

More Iran war? There goes the neighborhood, and global economy.

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More Iran war? There goes the neighborhood, and global economy.

For all the uncertainty about what will happen next on the military and diplomatic front in the Iran war, there is certainty about what has already happened on the economic front. And it is not good. The world has seen a spike in oil prices that has been moderated so far by large drawdowns in … Read more