Washington Post (March 8)
The war in Iran “is hitting the economies of Europe and Asia harder and faster than it is striking the United States.” The conflict’s impact extends far beyond oil and natural gas prices. For example, “the closure of several international airports in the conflict zone, including the world’s busiest in Dubai, idled nearly one-fifth of global airfreight capacity, interrupting shipments of consumer electronics, pharmaceuticals and precious metals.” At present, “the cost of shipping goods by air from Asia to Europe is up 45 percent since the war began,” double the increase “for sending items from Asia to the United States.”
Tags: Airfreight, Airports, Asia, Conflict, Dubai, Economies, Electronics, Europe, Impact, Interrupting, Iran, Natural gas, Oil, Pharmaceuticals, Shipments, U.S., War
Bloomberg (March 6)
“Until the conflict with Iran broke out, President Donald Trump was getting — by design or by chance — what he appeared to want in three pivotal financial markets: lower oil prices and Treasury yields, and a weaker dollar. The air strikes that the US and Israel launched over the weekend, and Iran’s counterattacks, are unraveling that.”
Tags: Air strikes, Chance, Conflict, Counterattacks, Design, Dollar, Financial markets, Iran, Israel, Oil prices, Treasury yields, Trump, U.S.
Barron’s (March 2)
“The conflict in Iran has upended the global market for oil and natural gas. It is also having a big impact on coal markets,” which rose to a 52-week high on Monday. “Coal is benefiting precisely because it isn’t directly affected in this conflict—unlike the other resources it competes against.” For example, utilities can switch to coal in electricity generation “when natural-gas prices get too expensive or natural gas supplies are threatened.”
Tags: 52-week high, Coal markets, Conflict, Electricity, Global market, Impact, Iran, Natural gas, Oil, Resources, Supplies, Upended, Utilities
Fortune (March 2)
“S&P 500 futures were down 1.22% this morning as part of a broad global selloff in the stock markets triggered by the conflict between Iran and the U.S. and Israel.” Uncertainty prevails amid efforts to assess the likely severity of the conflict, which “could be serious enough to push oil over $100 per barrel.” For now, investors have “entered a worldwide ‘risk-off’ phase.”
Tags: $100 bbl, Conflict, Futures, Global selloff, Investors, Iran, Israel, of Oil, S&P 500, Severity, Stock markets, U.S., Uncertainty
Washington Post (November 25)
“President Donald Trump’s foreign policy is unconventional, but it’s also becoming predictably unpredictable.” Fortunately, Volodymyr Zelensky “has grown more astute at handling Trump.” He knew how to handle Trump’s latest “gambit and acted accordingly.” It seems Zelensky has transformed the lopsided peace proposal. “Ukraine could still come out ahead at the end of this nerve-wracking exercise.” While “there’s nothing wrong with talking,” American negotiators should “never forget who is really to blame for this awful conflict.”
Tags: Astute, Blame, Conflict, Foreign policy, Gambit, Handling, Lopsided, Negotiators, Nerve-wracking, Russia, Trump, U.S., Ukraine, Unconventional, Unpredictable, Zelensky
The Economist (October 4)
“Vladimir Putin is testing the West—and its unity.” Whether it’s “drones over Poland” or airspace incursions, “mysterious explosions and assassinations” or cyber-attacks, “Vladimir Putin is waging a grey-zone campaign against NATO: a cheap, deniable and calibrated effort to unsettle Europe that is carefully short of outright conflict…. NATO must resist Russia’s efforts to corrode it from within.”
Tags: Airspace, Assassinations, Calibrated, Campaign, Conflict, Cyber attacks, Deniable, Drones, Europe, Explosions, Grey-zone, Incursions, Nato, Poland, Putin, Testing, Unity, Unsettle
Barron’s (June 19)
“The escalating conflict between Israel and Iran has sent oil prices higher over the past few days. If history is anything to go by, the pressure it’s putting on global energy costs will fade before too long.” Immediate fears of a shortage “are usually exaggerated–the risk that geopolitical events create a shortage of crude almost never materialize, even though that’s always the first thing on traders’ minds.”
Tags: Conflict, Crude, Energy costs, Escalating, Exaggerated, Fears, Geopolitical events, History, Iran, Israel, Oil prices, Pressure, Risk, Shortage, Traders
New York Times (February 5)
“A sense of foreboding,” carried over from the pandemic, remains shared by many Americans. Though this “sense of insecurity has seeped into the crevices of everyday experience,” it increasingly seems to “conflict with data points that reflect an unambiguous strengthening of the American economy. Incomes have risen, unemployment remains low and consumer confidence is improving.”
Tags: Conflict, Data points, Economy, Everyday, Foreboding, Incomes, Insecurity, Pandemic, Strengthening, U.S., Unemployment
New York Times (April 3)
“Though this war is far from over, and Vladimir Putin may still find a way to prevail and come out stronger, if he doesn’t, it could be a watershed in the conflict between democratic and undemocratic systems.”
Tags: Conflict, Democratic, Over, Prevail, Putin, Undemocratic, War, Watershed
Forbes (March 24)
In his latest letter to shareholders, BlackRock Chairman Larry Fink noted that “the war between Russia and Ukraine has heralded the end of globalization, as the conflict has upended the current world order that has been in place since the Cold War and will have lasting global economic consequences.”
Tags: BlackRock, Cold war, Conflict, Fink, Globalization, Russia, Shareholders, Ukraine, Upended, War
