war risk

Korea Must Prepare for Post-War Risks After Iran Conflict

As the US and Iran agree to end their conflict, South Korea must prepare for continued inflation, energy insecurity, and a more challenging diplomatic environment. Lessons from supply chain disruptions and the closure of the Strait of Hormuz should guide diversification efforts, while managing domestic economic challenges like high exchange rates and interest rates remains crucial.

Russia-NATO War Risk: Ukraine Drone Launches and Potential Baltic Strikes

A recent article in The American Conservative highlights warnings from Russian President Vladimir Putin regarding Ukrainian drone launches from Baltic states, potentially targeting Russian military sites. This raises concerns about escalating the conflict and drawing NATO into a direct war with Russia.

OECD warns Middle East war risks global economic growth

The OECD warns that the Middle East conflict is dampening global economic growth prospects. A prolonged war could slow growth to 2.1% in 2025, impacting developing nations and potentially leading to higher unemployment.

US-Iran tensions: Trump claims deal is close, but war risk remains

Donald Trump stated a US-Iran deal is 'greatly approaching' but acknowledged a '50-50' chance of war. Iran confirmed rapprochement talks but warned of severe consequences if hostilities resume. A ceasefire proposal includes Lebanon, where Israel struck a barracks despite a truce.

Trump Pauses Strait of Hormuz Effort, Cites Iran Deal Progress

President Trump announced a pause in U.S. efforts to guide stranded vessels out of the Strait of Hormuz, citing progress toward a deal to end the Iran war. Iran's foreign minister met with China's counterpart, while the UAE reported renewed attacks from Iran.

Nandini Piramal flags West Asia war risk to costs