Middle East and Asia

Using purchasing power parity data, the piece explains why China’s economy is larger than the US economy and why its faster growth is steadily widening the gap.

The New York Times exaggerates the weakness of China’s economy by misrepresenting GDP growth, misunderstanding deflation, and overlooking the country’s longer-term economic transition.

The US waives oil sanctions and agrees to “terminate all” sanctions as part of a potential final agreement with Iran, as the Trump administration re-tightens restrictions on Russian oil sales and the G7 pushes for additional sanctions on Moscow.

Trump’s war with Iran achieved little beyond terms already contained in the Obama-era nuclear agreement while exposing strategic failures and imposing significant human and economic costs.

Sanctions and frozen funds hang in the balance as US-Iran peace talks continue, while Cuba runs out of fuel amid tightening sanctions and growing threats of military action.

China’s economy has expanded much more than the US economy since Trump took office, increasing its lead in global output.

The US unleashes “Operation Economic Fury” and blockade against Iran as sanctions on Venezuela are eased and Democrats push back on Trump threats of military action against Cuba.

Trump’s apparent disregard for the predictable consequences of striking Iran could drive energy shocks, food crises, and widespread suffering that put millions at risk worldwide.

The escalating US–Israeli war on Iran has triggered one of the largest energy supply shocks in modern history, hitting developing economies the hardest. A rapid, large-scale issuance of Special Drawing Rights (SDRs) by the IMF could provide immediate, cost-free relief—boosting reserves, stabilizing economies, and helping countries maintain access to essential imports.

Trump’s plan to ‘seize’ Iran’s oil quickly runs into some reality-based problems.