U.S. and global oil and gas prices surged higher Monday as concerns grew that attacks by Israel and the U.S. on Iran could spiral into a broader war and disrupt global energy supplies. The U.S. and Israel launched strikes on Iran on Saturday that killed Supreme Leader Ayatollah Ali Khamenei and dozens of other senior government officials while talks between Washington and Tehran over the Islamic Republic’s nuclear program were reported to be ongoing. European benchmark Brent crude oil surged by as much as 13% in early trade on Monday,…
Posts published in “Politics”
The European Union is urging a “diplomatic solution” on Iran as top EU diplomats are set to meet with the director of US President Donald Trump’s newly-created Board of Peace, and Trump continues to threaten strikes on Iran. “We don’t need another war in this region. We already have a lot,” EU foreign policy chief Kaja Kallas said Monday. “It is true that Iran is at its weakest point that they have been. We should be really using this time to find a diplomatic solution.” Working with the Board of…
Wielding a golden gavel and a playlist featuring the Beach Boys, Donald Trump ushered in a new era of international humiliation at the inaugural meeting of the U.S.-led Board of Peace. The new body, while established by Trump, has been tasked by a UN Security Council resolution to administer Gaza’s reconstruction efforts. But Trump has also suggested his ambitions for the board go far beyond Gaza, saying it would “almost be looking over the United Nations and making sure it runs properly.” Trump has demanded that world leaders pony up…
Japanese companies will finance investments valued at $36 billion in energy and minerals projects in Ohio, Texas and Georgia as part of a trade agreement that will cut U.S. tariffs on Japanese imports to 15%, according to the Trump administration. The announcement is part of Japan’s 2025 agreement to invest $550 billion over the next four years at the direction of the U.S., with the funds aimed at rebuilding and expanding core American industries. In October, the Trump administration provided details on Japanese investments of up to $332 billion to…
Japanese Prime Minister Sanae Takaichi and her ruling Liberal Democratic Party (LDP) got a historic landslide victory in last week’s parliamentary elections. This marks the first time since its founding in 1955 that the conservative LDP controls a two-thirds supermajority in the lower house. If necessary, Takaichi’s cabinet could also overrule any opposition in the upper house of the Diet (Japan’s parliament), where her coalition still lacks a majority. Given this, Takaichi now has a massive mandate to push her agenda. This includes boosting defence spending, strengthening the military and…
Japan is preparing to lift long-standing restrictions on lethal weapons exports, marking another step in the erosion of its post-war arms export taboo. While the reform creates new diplomatic and commercial opportunities and allows deeper security cooperation with regional partners, Japan’s defence industrial base remains small, costly and capacity-constrained. Domestic procurement demands and labour shortages mean exports will likely remain modest, limiting the policy’s practical and strategic impact on regional military balances. Prime Minister Sanae Takaichi’s government is looking to loosen Japan’s long-standing restrictions on weapons exports, marking another step…
The search for rare earths for energy transition is often regarded as a form of neo-colonialism, and today it is the area in which this phenomenon manifests itself most clearly, especially due to its geopolitical and economic effects. However, there are other neo-colonial practices that are less visible but with equally negative consequences at the local level. One of these is the export of waste to Africa and Asia by Western countries, particularly the export of plastic, clothing, and electronic waste. The export of waste to the Global South is…
US-India trade negotiations have shown how domestic tariff policy has become inseparable from foreign policy. India must recalibrate its tariff framework from a protectionist, reactive shield, to a strategic tool. The White House’s latest announcement on finalising the Indo-US deal, and lowering of tariffs from 25 to 18 percent for India has once again brought to the fore the complex geopolitics of trade negotiations. The exchange between the US and India over the past year proves that modern trade negotiations extend beyond tariff schedules. Sanction regimes and geopolitical alignment have…
In the first week of Black History Month, President Donald Trump posted a racist depiction of former President Barack Obama and first lady Michelle Obama on social media — a video clip showing the Obamas’ faces on apes. The post was later deleted, and the White House blamed a staffer for “erroneously” posting it. On Friday evening, Trump refused to apologize for the post: “I didn’t make a mistake,” he told reporters aboard Air Force One. The post was one of dozens Trump shared in the middle of the night…
President Donald Trump’s comments on former Deputy FBI Director Dan Bongino’s podcast this week that he would like to see Republicans “nationalize” elections has some on Capitol Hill playing a guessing game. What exactly did Trump mean when he suggested that Republicans should “take over the voting … in at least many, 15 places”? “If he was on Dan’s show, and he’s catering to Dan’s audience, I’m sure there’s not going to be many Democrats listening to the show,” Rep. Jimmy Patronis, a Republican from Florida, mused about Trump’s comments…