The Strait of Hormuz: One Chokepoint and No Easy Answers
Geopolitics20% of global oil supply moves through a 33km chokepoint. The risks are well understood. The question is whether anyone is planning for how long recovery actually takes.
Geopolitics
Trade, conflict, and how global events ripple through supply chains
2026
Europe Is Spending on Defense. The Hard Part Comes After That.
GeopoliticsGermany's 500 billion euro special fund is real money. The harder question is where it goes, because the supply chains that would need to absorb that spending have been running lean for thirty years.
Germany's Industrial Decline: Is Europe's Largest Economy Becoming a Deindustrialization Case Study
GeopoliticsGermany built its competitiveness on an energy arbitrage that depended on one supplier. When that supplier cut off supply, it exposed something more structural than a price shock.