Insurance shows Hormuz is a balance sheet, not just a battlefield
Pakistan has Gwadar port’s position outside the strait as an underused hedge, part of Islamabad’s real insurance policy against disruption
Obstacles will prevent wider use of China’ new Arctic trade route
Route remains open only during a narrow late-summer window, with ice conditions and weather varying drastically year-to-year
Blacklisted Chinese firm CGN runs power stations in South Korea
CGN stole US nuclear secrets for almost two decades, according to the FBI, and it’s on the US Department of War’s Chinese military companies list
Oil importer China won’t aid Trump economic warfare against Iran
Factor in the US midterms when calculaitng Trump’s willingness to retaliate via economic war with the third-largest US trading partner
South Korea’s economy at risk as Trump throws it under bus
The $350 billion Trump wants from Seoul equals roughly 18% of Korea’s GDP – a sum large enough to push the economy back to the brink of collapse
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AUGUST 21, 2026
Bond markets defy Bessent’s attempt to force rates lower
- Bessent follows in the footsteps of Kuroda
- Debt deluge drives bond yields to the danger zone
- Ukraine’s wartime political consensus begins to fray
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