international
Why hasn't the global economy completely collapsed?
Key takeaways
- The UN this week paused its operation to escort ships through the Strait of Hormuz after a vessel reported an attack.
- People are kept perpetually on their toes about whether a deal with Iran has, or hasn't been reached; whether the Strait of Hormuz is, or isn't, open;
- This can obscure facts such as that the world economy has not actually collapsed as had been feared.
Why this matters: an international story with cross-border implications worth tracking.
The UN this week paused its operation to escort ships through the Strait of Hormuz after a vessel reported an attack. (Reuters)
Link copied Share Share article. An unfortunate side effect of the incompetent and erratic negotiating tactics of the Trump administration — not to mention the regular apparent gaming of financial markets — is that some of the underlying stories in the global economy can get overlooked.
People are kept perpetually on their toes about whether a deal with Iran has, or hasn't been reached; whether the Strait of Hormuz is, or isn't, open; or whether Donald Trump thinks the Iranians are "terrible people" or "good people".
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