UAE’s OPEC exit hands Asia a petroyuan moment
On May 1, 2026, the United Arab Emirates formally departed from the Organization of the Petroleum Exporting Countries (OPEC), ending nearly six decades of membership. Most analysis has fixated on...
Asia
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Asian currencies wilting in the Iran war’s heat
TOKYO – India and Indonesia aren’t often at the center of the global financial zeitgeist. But as the rupee and rupiah lead Asian currencies down and down, events in Mumbai...
Brouhaha over Iran war costs to US taxpayers
Outside analysts’ estimates of the total cost to American taxpayers of President Donald Trump’s Iran war have varied widely, but most put the number higher than the US$25 billion offered by...
A Tang spring that survived an emperor’s flight
A visitor standing before The Court Lady Guoguo’s Spring Outing does not first see history. They see movement. There is no palace. No riverbank. No flowering tree. No painted spring...
Donroe Doctrine is becoming everything China feared
On April 28, the State Department issued a joint statement “in solidarity with Panama” in response to an uptick in detentions of Panama-flagged vessels at Chinese ports, which it characterized...
Old and new Gulf faultlines exposed by Iran war
The United Arab Emirates (UAE) announced on April 28 that it will leave the global oil producers’ cartel OPEC. Its decision is the latest sign that the war in the...
Don’t mistake Suu Kyi’s house arrest for Myanmar’s freedom
News that Aung San Suu Kyi has been moved from prison to house arrest has stirred deep emotions among Myanmar’s people and many abroad. For those who have long admired...
To keep global trade alive, don’t write off friendshoring
The world economy is at a crossroads. International trade is slowing, economic uncertainty is rising, and trade between the US and China – the world’s two largest economies – risks...
61% of Americans see Trump’s Iran war as ‘mistake’: new...
More than 6 in 10 Americans now say President Donald Trump’s war in Iran was a “mistake,” according to a poll out Friday from the Washington Post, ABC News and Ipsos....
Pakistan’s Hangor subs tighten China link, test India at sea
Pakistan is betting on Hangor-class submarines to sharpen its undersea edge as its deterrent increasingly rests on deepening military integration with China rather than any single platform. Last month, multiple...
