Global Economy Watch: Europe Joins the Rate-Hike Cycle as the Energy Shock Turns Into...
What Happened
The global interest-rate reversal has broadened sharply into Europe. Euro-area inflation accelerated to 3.3% in August from 2.9% in July, and financial markets...
Global Watch: Russia launches major assault on Ukrainian cities as proposed energy truce unravels
What Happened.
Russia launched a large overnight missile-and-drone assault across Ukraine on September 17, striking Kyiv, Odesa, Sumy and other regions with ballistic missiles, cruise...
Global Watch: Yemen displacement surges past 125,000 as humanitarian crisis accelerates
What Happened.
More than 125,000 people have now fled their homes in Yemen as Houthi forces advance along the Red Sea coast, according to the...
Global Watch: Indian and Pakistani warships collide in first direct military confrontation since last...
What Happened.
An Indian Navy warship and a Pakistani naval vessel collided in international waters in the northern Arabian Sea on September 15, prompting India...
Global Watch: U.S. secretly met Houthis as Yemen war widened around Saudi Arabia
What Happened.
U.S. officials met senior representatives of Yemen’s Iran-aligned Houthis at the U.S. Embassy in Muscat, Oman, over the weekend, five sources familiar with...
Global Economy Watch: Diesel Shortage Is Becoming a Global Economic Problem
What Happened
The energy shock has moved beyond crude oil into the refined fuel that keeps much of the physical economy running. Asian diesel refining...
Global Watch: Yemen displacement passes 100,000 as war widens across the Red Sea
What Happened.
The renewed war in Yemen has now displaced more than 100,000 people inside the country, with thousands more fleeing across the Red Sea...
Global Economy Watch: WTO Warns the Global Trading System Is Entering a Dangerous New...
What Happened
The World Trade Organization has issued one of its strongest warnings yet about the erosion of the rules-based trading system. In its new...
Global Economy Watch: Global Borrowing Costs Reach Their Highest Level Since the 2008 Financial...
What Happened
The global bond sell-off has crossed a broader threshold: the average 10-year government-bond yield across the G7 has reached 4.285%, its highest level...
Global Watch: Yemen displacement surges past 80,000 as Houthi offensive expands into Saudi Arabia
What Happened.
Fighting in Yemen intensified again on September 13, with Iranian-backed Houthi forces launching additional drone and missile attacks into Saudi Arabia while Saudi-backed...
Global Watch: Russia launches nearly 500 drones across Ukraine in one of the war’s...
What Happened.
Russia launched nearly 500 drones across Ukraine on September 12, according to President Volodymyr Zelenskyy, in a sweeping attack that killed at least...
Global Watch: Saudi Arabia says drones from Iraq struck its vital East-West oil pipeline
What Happened.
Saudi Arabia said on September 11 that drones launched from Iraqi territory struck its East-West oil pipeline, damaging the critical route Saudi Arabia...
Global Watch: Congo’s Ebola outbreak jumps across the country, raising fears of regional spread
What Happened.
The Democratic Republic of Congo’s Ebola outbreak has reached a seventh province after a confirmed case appeared in Sud-Ubangi in the country’s far...
Global Economy Watch: Houthis Reach Perim Island — Threatening the Red Sea Chokepoint Saudi...
What Happened
Houthi forces have now reached Perim Island inside the Bab el-Mandeb Strait, after taking nearby Dhubab and advancing rapidly down Yemen’s Red Sea...
Global Economy Watch: U.S. Diesel Breaks $6 a Gallon for the First Time
What Happened
The average U.S. diesel price has surpassed $6 a gallon for the first time on record, according to GasBuddy, after rising nearly 60%...
Global Watch: Israel says it has consolidated a security zone inside southern Lebanon and...
What Happened.
Israel said on September 10 that its forces have completed the consolidation of a self-declared security zone around the strategically important Ali al-Taher...
Global Economy Watch: Oil Jumps More Than 6%
Red Sea Risk Escalates as Houthis Advance Toward Bab el-Mandeb — Oil Jumps More Than 6%
What Happened
A second major Middle Eastern shipping chokepoint is...
Global Watch: Houthis Seize Strategic Port On Red Sea
What Happened.
Iran-aligned Houthi forces seized Yemen’s historic Red Sea port of Mocha on September 10, according to four Yemeni government military sources cited by...
Global Watch: Saudi-led forces launch broad Yemen air campaign after Houthi attacks
What Happened.
Saudi-backed forces launched dozens of airstrikes across Yemen overnight into September 9, after Houthi missile and drone attacks wounded 73 people and set...
Global Economy Watch: Europe Enters Winter With Its Lowest Gas Storage in 15 Years...
What Happened
Europe is approaching the winter heating season with natural-gas storage only about 66% full, the lowest level for this time of year in...
Global Watch: U.S.-Iran war expands as Washington destroys five tankers and Tehran retaliates toward...
What Happened. The U.S.-Iran confrontation escalated again on September 8, with the U.S. military saying it has now destroyed five Iranian oil tankers after...
Global Economy Watch: China’s Export Boom Accelerates — Deepening the World Economy’s Dependence on...
What Happened
China’s exports surged 25% year over year in August, accelerating from 23.9% in July, while imports jumped 28.2%. The standout was high-tech trade:...
Global Watch: Houthi attacks wound 73 in Saudi Arabia as Yemen’s war spills across...
What Happened. Iran-backed Houthi forces launched a wave of missile and drone attacks into Saudi Arabia early September 8, wounding at least 73 people,...
Global Economy Watch: U.S. Begins Directly Destroying Iran’s Oil Fleet — Escalating the Energy...
What Happened
The United States has crossed a new threshold in the Iran conflict by directly striking three Iranian oil tankers, including one near Kharg...
Global Economy Watch: Global Chip Sales Have Already Broken the Annual Record — With...
What Happened
The global semiconductor industry has crossed a striking threshold: worldwide chip sales through July 2026 have already exceeded the highest annual total ever...
Global Watch: Iran formally shifts toward preemptive warfare as Gulf conflict widens
What Happened. Iran’s military said Friday, September 4, that it is moving toward a doctrine of preemptive warfare, a significant departure from Tehran’s longstanding...
Global Economy Watch: Global Food Prices Jump to Their Highest Since 2022
What Happened
The United Nations’ Food and Agriculture Organization reported on September 4 that its global Food Price Index rose 1.9% in August to 133.3...
Global Economy Watch: Norway’s Move Reinforces Global Shift Away from Government Debt
Norway’s $2.3 Trillion Wealth Fund Proposes an $80 Billion Cut to U.S. Treasuries — Reinforcing the Global Shift Away From Government Debt
What Happened
Norway’s $2.3...
Global Watch: Somalia’s Internal Political Struggle Erupts into Open Fighting in a Major Humanitarian...
What Happened. Somali government forces fought several hours of heavy battles on September 3 around Baidoa, the capital of South West State, after militias...
Global Economy Watch: U.S. Diesel Prices Hit a Record as a Global Refining Crunch...
What Happened
U.S. diesel prices have reached a record $5.82 per gallon, surpassing the previous peak set in 2022, as disruptions to Russian and Middle...
Global Economy Watch: Black Sea Grain Disruption Is Now Hitting Asian Food Buyers —...
What Happened
Asian wheat importers are now scrambling to replace delayed Russian and Ukrainian grain shipments, marking a significant escalation in the economic impact of...
Global Watch: UN Says Foreign Weapons and Mercenaries Intensifying Sudan’s War
What Happened. A new United Nations fact-finding report released September 3 says foreign weapons, military technology and fighters are materially worsening Sudan’s civil war,...
Global Economy Watch: Gulf LNG Trade Creates an Emergency Shipping Relay — as Asian...
What Happened
A new workaround is emerging for one of the most vulnerable parts of the global energy system. Qatari and UAE LNG producers have...
Global Watch: Escalations in US-Iran War
What Happened. The United States launched a substantially broader round of airstrikes against Iran on September 1, hitting Islamic Revolutionary Guard Corps targets around...
Global Watch: UN Forced to Halve Food Aid in West Bank
What Happened. The World Food Programme announced on September 1 that it is cutting food assistance in the occupied West Bank by half, reducing...
Global Economy Watch: Russia Cuts Its Oil Outlook to a 17-Year Low
What Happened
Russia has slashed its 2026 oil-production forecast to the lowest level since 2009, a significant deterioration in the outlook for one of the...
Global Economy Watch: Two Saudi Oil Supertakners Hit in Hormuz
What Happened
Two very large crude carriers carrying Saudi oil were struck by unidentified projectiles within minutes of one another while exiting the Strait of...
Global Economy Watch: Global Bond Sell-Off On Debt Fears
What Happened
The global bond sell-off has materially deepened. On September 1, Japan’s benchmark 10-year government bond yield reached 3% for the first time since...
Global Watch: Russia Unleashes Five-Day Drone Barrage on Kyiv
What Happened. Russia’s drone campaign against Ukraine has entered a more intense phase, with five consecutive days of attacks on Kyiv and surrounding regions....
Global Watch: Congo’s Ebola Outbreak Passes 3,000 Deaths
What Happened. The Democratic Republic of Congo’s Ebola outbreak has crossed a grim new threshold: 6,041 confirmed infections and 2,911 deaths, according to government...
Global Economy Watch: U.S. Oil Emergency Reserve Is Approaching Its Practical Floor — Weakening...
What Happened
The U.S. Strategic Petroleum Reserve is now at 289.7 million barrels, its lowest level since 1982, and the remaining commitments from this year’s...
Global Economy Watch: U.S. Turns Iran Sanctions Into a Weekly Campaign
What Happened
The United States has escalated its economic campaign against Iran from a series of warnings and isolated penalties into what Treasury Secretary Scott...
Global Economy Watch: China Begins Dismantling the Housing Model That Helped Create Its Property...
What Happened
China has launched one of its most consequential property reforms since the housing crisis began in 2021, moving the industry away from the...
Global Economy Watch: U.S. Begins Enforcing Its Iran Sanctions Against a Third-Country Bank
What Happened
The United States has moved from threatening Iran’s foreign financial partners to actually targeting one of them. On August 28, the Treasury Department...
Global Watch: Haiti Absorbing Forced Returns Amid Deepening Gang Crisis
What Happened. The United Nations told the Security Council on August 28 that nearly 200,000 people have been forcibly returned to Haiti in the...
Global Watch: Russia is Crippling Ukraine’s Civilian Food Distribution System
What Happened. Russia’s intensified drone and missile campaign has destroyed or disrupted roughly 90% of Ukraine’s modern food-storage and retail-logistics capacity, according to Ukrainian...
Global Economy Watch: Global Energy Shock Widens
Global Energy Shock Is Becoming a System-Wide Supply Crisis
What Happened
New data now show that the energy disruption has become substantially broader than the Strait...
Global Watch: Haiti Gang Massacre
What happened
At least 47 people were killed and 22 wounded in an overnight gang assault on Kenscoff, a strategically important community overlooking Port-au-Prince. Armed...
Global Economy Watch: US Unveils ‘Economic D-Day’ Against Iran
What Happened
The United States formally launched its promised new sanctions campaign against Iran on August 24, targeting roughly 60 individuals, entities and vessels and...
Global Economy Watch: US-Canada Trade Talks Collapse
What Happened
The United States imposed 50% tariffs on roughly $20 billion of Canadian goods on August 22 after last-minute negotiations between Washington and Ottawa...
