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Background Info The Strait of Hormuz, a narrow waterway between Iran and Oman, has become the epicenter of a global energy crisis. This critical chokepoint is just two miles wide at its narrowest navigable point yet handles approximately 20 million barrels of oil per day , representing roughly 20-27% of the world's seaborne oil trade. The strait also carries 93% of Qatar's LNG exports , making it indispensable to global energy markets. In normal times, around 24 oil tankers

Lebanon has been undergoing one of the worst economic crises in its history. Since 2019, Lebanon has been experiencing a complete economic meltdown due to poor governance, corruption, and overspending in the country. Lebanon’s total economic output has fallen by almost 40 percent since the economic crisis started . The Lebanese currency has lost its value, people are unable to withdraw their money from banks, and poverty has risen significantly in the country. Background It i

On January 16, 2026, Canadian Prime Minister Mark Carney wrapped up two days of meetings in Beijing with a deal that had been years in the making. Canada would cut its tariff on Chinese electric vehicles from 100% down to 6.1% for a set quota of imports. In return, China agreed to dramatically lower tariffs on Canadian canola and remove duties on several other agricultural products. It was the first visit by a Canadian prime minister to China since 2017 , and it came at a tim

In China, the term ‘involution’ started off as slang among students who felt trapped in a cycle of increasing competition and diminishing payoff. Today, that idea has transformed not only college campuses but entire industries in the country. With domestic demand consistently decreasing and competition ramping up, Chinese firms, specifically in the electric vehicle (EV), battery, and solar industries, are producing at a rate far greater than the market can consume. What star