The ECB Should Not Raise Interest Rates Yet by Philippe Legrain
Against a backdrop of acute uncertainty, weak growth, subdued wages, and elevated market interest rates, monetary tightening is warranted only…
The Right Incentives for Climate Action by Paula Carvalho Pereda
As the closure of the Strait of Hormuz continues to disrupt global oil and gas flows, countries are increasingly focusing…
Is Trump’s Iran War a Crime of Aggression? by Lawrence Douglas
America’s war on Iran is widely considered an illegal act of aggression in clear violation of the United Nations Charter.…
The Gulf’s Post-OPEC Order by Rabah Arezki & Tarik M. Yousef
The United Arab Emirates’ decision to leave OPEC is the clearest expression yet of its desire to break from the…
Iran Is Pressing Its Strategic Advantage by Carla Norrlöf
Politics May 19, 2026 Carla Norrlöf Military and economic coercion usually costs the coercer as well as the target. But…
Brothers in Humiliation
Confident in the belief that there is nothing their respective militaries cannot do, Vladimir Putin and Donald Trump led their…
The World After the Iran War by Shlomo Ben-Ami
Not all wars lead to better international orders. The Iran war launched by the United States and Israel is likely…
Interest Rates Can’t Control Today’s Inflation by Carolina Alves
Inflation is once again rising across advanced economies, driven by geopolitical turmoil, surging energy prices, and fragile supply chains rather…
Is the Global Financial System Making the Hormuz Shock Worse? by Hanan Morsy
en English Economics May 8, 2026 Hanan Morsy The existing global financial architecture was supposed to ensure stability by providing…
The Iran War’s Strategic Fallout by Ian Bremmer
By leaving US allies and rivals alike scrambling to respond to an unpredictable and unreliable superpower, the war in the…
The Iran Standoff and the Future of Oil by James K. Galbraith
The Iranians know that the usual US endgame in a war of choice is to walk away from defeat, take…
How Should Europe Respond to the Energy Shock? by Daniel Gros
So far, European governments’ response to the Iran energy shock has missed the mark. Rather than subsidizing energy consumption by…
Four Scenarios for the Iran War by Nouriel Roubini
After failing to clinch a decisive victory against Iran, US President Donald Trump is now facing deteriorating macroeconomic conditions ahead…
The High Cost of Trump’s Crony Diplomacy by Brahma Chellaney
Effective diplomacy depends on credibility, consistency, and a clear alignment with national interests. The US administration’s personalized, opaque, and venal…
How Many Divisions Has Pope Leo? by Harold James
Following the Trump administration’s spat with Pope Leo XIV over its misbegotten war with Iran, one is reminded of previous…
Sun Tzu’s Advice for Donald Trump by Stephen S. Roach
Amid a series of massive, illegal policy blunders, US President Donald Trump has set his sights on stabilizing relations with…
Trump’s Tragedy of Errors by Joseph E. Stiglitz
Regardless of how long US President Donald Trump’s ill-advised war and today’s stagflationary conditions last, the long-run consequences will be…
The Hidden Chokepoints Threatening the Global Economy by Diane Coyle
The closure of the Strait of Hormuz offers another stark reminder of the potential for concentrated supply chains to trigger…
The Populist vs. the Pope by Adekeye Adebajo
The war of words between Pope Leo XIV and US President Donald Trump has revived the age-old clash between the…
American Jews’ Netanyahu Problem by Steven Simon
Political polarization, the collapse of institutional gatekeepers, and social media’s amplification of fringe voices were always going to put pressure…