Economics & Global Affairs

65 Items

The Panama-flagged, Japanese owned oil tanker Kokuka Courageous, that the U.S. Navy says was damaged by a limpet mine, is anchored off Fujairah, United Arab Emirates, during a trip organized by the Navy for journalists, Wednesday, June 19, 2019.

AP Photo/Fay Abuelgasim

Analysis & Opinions - The Washington Post

The Last Time a ‘Tanker War’ Broke Out in the Persian Gulf, It Lasted for Years

| June 14, 2019

As tensions mounted between the United States and Iran, European nations pressed for a calm response, fearing that any escalation could disrupt trade through the region’s vital Strait of Hormuz, which carries up to a third of global crude oil exports traded via ships. If the strait is blocked or trade there is disrupted by conflict, analysts predict oil prices would surge.

Chinese President Xi Jinping

AP Photo/Pablo Martinez Monsivais

Analysis & Opinions - Axios

Xi's Latest Leverage: U.S. Imports of Chinese Rare-Earth Elements

| May 22, 2019

Five days after Trump moved to cut off American components to Chinese telecoms giant Huawei, President Xi Jinping responded with a subtle threat to strangle America’s supplies of rare earths — the natural elements used in everything from computers to satellites. Xi’s threat demonstrates how the rivalry between a rising China and a ruling U.S. spreads from trade to technology to supply chains, touching every aspect of bilateral relations. The conflict risks massive spillover costs to the global economy.

President George H.W. Bush

Associated Press

Analysis & Opinions - Foreign Policy

Once Upon a Time, U.S. Foreign Policy Worked

| Dec. 02, 2018

George H.W. Bush's administration was evidence of what the establishment was capable of. I worked on the State Department’s Policy Planning Staff during the last two years of the late President George H.W. Bush’s administration. It was my first job in government and an extraordinary period in world history. As I came on board at Foggy Bottom, Bush had just facilitated Germany’s unification. The international coalition that he’d mobilized was in the process of evicting Saddam Hussein from Kuwait. In a few months’ time, Bush would help manage the peaceful unraveling of the Soviet Union and the launch of historic peace talks between Israel and its Arab neighbors via the Madrid process.