A continuation of hostilities within the Strait of Hormuz is once again threatening one of the world's most critical supply chain arteries, posing another wave of disruption which could choke the global energy, shipping and commodity markets. With
roughly a quarter of global seaborne oil trade transiting through the Strait, alongside significant flows of liquefied natural gas and fertilizers, further constraints on commercial traffic could send new cost pressures cascading through supply chains that have yet to absorb the full effects of the earlier conflict.
The full economic impact of the disruptions in the Strait of Hormuz may not become clear until the second half of 2026, warns the United Nations Conference on Trade and Development (UNCTAD).
Trump insists the West must unite on his terms against the Rest, particularly China and Iran. Europe, however, wants
greater Trump support for Ukraine’s Zelensky regime to replace Putin’s leadership of Russia.
Despite the importance of international trade as an engine for economic growth and development, only fourteen of the twenty-two Arab states are members of the World Trade Organization (WTO). The remaining Arab states risk missing out on opportunities for greater integration into the global economy and the multilateral trading system facilitated by the WTO.
Every evening just before sunset, Salima Kitwana hobbles into her backyard holding a photograph.
Renewed attacks on commercial vessels in the Strait of Hormuz have intensified concerns over global energy markets along with supply chain disruptions, as the United Nations calls for an end to escalating hostilities within the Persian Gulf.
An international academic partnership is helping turn one of Laikipia County’s most destructive and invasive plants, the prickly pear cactus (
Opuntia stricta), into a source of food security and clean energy while also helping end perennial resource conflict in the region.
Demand for critical energy transition minerals (CETMs) is expected to surge over the coming decades as countries expand clean technology capacity, develop electric vehicles, create battery storage, implement renewable energy systems, and introduce digital infrastructure according to UNCTADs latest
report,
The Shifting Dynamics of Critical Minerals Trade.
Developing countries’ efforts to tackle the ongoing effects of conflict in the Middle East carry a high price that leaves little room for critical investments in education, health and other development priorities, according to a new report by the UN Development Programme (UNDP) released today.
The 30 COP gatherings may not have done what three months of US-Israeli war against Iran did: expose the world's vulnerability to fossil fuels.
Smallholder farmers in Africa and Asia are likely to still be reeling from the fuel and fertilizer crisis caused by conflict in the Middle East when what forecasters expect to be a “super” El Niño arrives later this year.
Amidst increased geopolitical tensions, the risk of volatile energy markets, trade corridors, and regional stability in the Middle East has garnered more attention than trade policy in terms of its power to alter the global economy, according to new findings from the United Nations Conference on Trade and Development (UNCTAD).
Before anyone called her an innovator, before artificial intelligence entered the conversation, before solar-powered cold rooms, before the language of sustainable development, Shifra Ainomugisha knew food loss in its painful form.
African leaders are sharpening their focus on digital sovereignty, warning that the continent’s economic future will depend not just on connectivity, but on who controls its data—and where it is stored.
The World Bank considers corruption a major obstacle to
eradicating global poverty. The Bank officially has a
zero-tolerance policy against fraud and corruption in its projects. Concerned with widespread corruption in Bangladesh, the Bank and the Government agreed on the Governance-oriented Country Assistance Strategy (GCAS) in 2006 and the Bank’s subsequent Country Partnership Strategy (CPS) ostensibly has been more selective on governance and anti-corruption (GAC) issues. Ironically, however, the Bank’s funding enables corruption. The Bank’s recent decision to advance a
US$350 million loan allegedly for enhancing energy security is a glaring example.
Ahead of World Environment Day, the UN General Assembly made a vital commitment to protect people from climate impacts, adopting a
resolution on the climate change obligations of states. The resolution follows up on the
International Court of Justice (ICJ) advisory opinion issued last year, which found that states have a legal duty to prevent activities that cause environmental harm. Most states voted for the resolution despite a concerted campaign by the Trump administration to block it.
Last week on May 28, the Israeli Defence Forces (IDF) issued an evacuation
order to Lebanese civilians ordering them to move north of the Zahrani River, approximately 25 miles from the Israeli border, and roughly 20 percent of the Lebanese territory. These new escalations bring the displaced population to more than
1.3 million people, including more than
300,000 of those people being children. 1.3 million people represents approximately 1/4th of the nation's population of 5.3 million.
Ahead of the Eighth Global Environment Facility (GEF) Assembly in Samarkand, governments and development institutions are grappling with a familiar challenge: How to finance environmental action at the scale required to meet rapidly growing needs.
The Federal Reserve Bank’s turn to ‘reserve management’ exposes the limited policy options still available as the US seeks to protect itself against international stagflation stemming from President Trump’s policies.
The relationship between Japan and Kazakhstan is often described in terms of diplomacy, investment and regional cooperation. But at a time of growing geopolitical uncertainty, it deserves to be understood in broader terms: as a partnership linking cities, resources, technology and peace.
The ongoing crisis in the Middle East and the closure of the Strait of Hormuz continue to put immense stress and risk on the global economy.