A new analysis by the Lowy Institute warns that China's military is developing a "real and growing" ability to hit the Australian mainland with missiles and threaten critical infrastructure. The report highlights China's vast military build-up and its increasing power projection capabilities in the region.
The Southern and Middle Corridors are emerging as vital energy transport routes amid global disruptions. The Baku Energy Forum highlighted their importance for European energy security and the need for investment in logistics and infrastructure, with AI and digitalization playing key roles in enhancing efficiency and security.
Iran is reportedly considering using its allies in Yemen, the Houthi movement, to target the Bab al-Mandab Strait, a crucial maritime chokepoint connecting the Red Sea to the Gulf of Aden. This potential escalation could disrupt global shipping lanes and oil supplies, impacting international trade and energy markets.
Thailand's Royal Thai Navy faces challenges in its goal to operate eight modern frigates by 2037, as the Budget Bureau cut funding for a second frigate from the 2027 budget. The navy commander stated the frigates are still needed and the request will be resubmitted for the 2028 budget.
Global businesses face at least $25 billion in losses due to the US-Israeli war with Iran, driven by rising oil prices, disrupted trade routes, and higher operating costs. Airlines are most affected, but the impact is spreading across sectors.
Syria reactivates regional trade routes with first transit convoy from Turkey to Iraq. Meanwhile, Hamas appoints Mohammed Ouda as new leader of Al-Qassam Brigades following the assassination of Ezzedine Al-Haddad.
Global companies have incurred at least $25 billion in additional expenses due to the conflict around Iran, with air carriers facing the largest share of costs. Rising energy prices, supply chain disruptions, and the Strait of Hormuz blockade are cited as key factors. The full impact on corporate profits is expected in the second half of 2026.
Russia and China are forming a structural alliance driven by geopolitical pressure and mutual needs, despite China's cautious approach to full commitment. The partnership, fueled by energy, agriculture, and strategic trade routes like the Northern Sea Route, is reshaping the global balance of power.
China has moved early to help Laos plan its longest highway, the latest project in Beijing’s push to expand transport connectivity in Southeast Asia. The initiative underscores Beijing’s broader effort to strengthen its economic footprint in the region through roads and railway infrastructure, as it seeks alternative trade routes amid a fractious relationship with the United States. Laos is conducting route surveys for an expressway linking the capital Vientiane to its northeastern border with...
Danish shipping giant Maersk said on Thursday it was maintaining its 2026 outlook despite the war in the Middle East and uncertainty over disruptions to key trade routes through the Strait of Hormuz.
Middle Eastern governments are reviving decades-old proposals for overland oil and gas pipelines while developing new rail-sea transport corridors in response to wartime disruptions of key maritime routes through the Strait of Hormuz and Red Sea. Led by Saudi Arabia, Turkey and the UAE, the initiative aims to create a new trade architecture linking the Indian Ocean to the Mediterranean, reducing dependence on vulnerable Persian Gulf infrastructure.
Weeks of conflict have worsened Iran's economic pressures, deepening strain on its financial system amid a Gulf standoff. Despite damage to infrastructure, industries and oil exports, analysts say Iran is managing through internal supplies and limited external trade, relying on its 'resistance economy' and gold reserves. While businesses report rising costs and weakening demand, key indicators show partial resilience with stable food availability and no broad withdrawal restrictions.
Global maritime trade faces disruptions with the Strait of Hormuz closure impacting energy supplies. India is bolstering its maritime capabilities, investing heavily in port infrastructure like the Great Nicobar Island Project. This strategic move aims to enhance economic and military influence, securing trade routes and reducing reliance on foreign transhipment hubs.
A roll-on/roll-off cargo service linking Egypt's Damietta port with Italy's Trieste is scaling up, offering an alternative route between Europe and Gulf markets. The corridor, operational since late 2024, allows trucks to move between sea and land transport without unloading, reducing transit times. The service benefits from streamlined customs procedures and positions Egypt as a regional logistics hub amid instability around key maritime routes including the Strait of Hormuz.
The US has implemented a naval blockade of Iranian ports, increasing regional tensions and impacting global oil prices. This follows failed US-Iran talks and a public dispute between President Trump and Pope Leo XIV.
The ancient trade of frankincense is now entangled in modern military conflict, with exports from Oman and the Horn of Africa facing logistical disruptions and rising costs due to threats against the Strait of Hormuz.
