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The Chinese dragon’s double game: Xi Jinping awaits Trump in Beijing while keeping channels open with Iran
Beijing seeks de-escalation in the Persian Gulf - but not an American victory without cost. The Trump–Xi meeting on May 14 is turning into a critical test for the new global balance of power
Economist: Piraeus and Elefsina at the heart of global port rivalry — The U.S.–China “naval battle”
Investment frenzy fuelled by concern over China's tightening control over supply chains
The $35 billion war: The costly toll for the U.S. and the dangerous depletion of ammunition stockpiles
The 38-day conflict has consumed vast quantities of Tomahawk, JASSM-ER, Patriot, and ATACMS missiles. The Pentagon was forced to transfer weapons systems from Europe and Asia to the Middle East, raising concerns about readiness against Russia and China
Pentagon: Moscow sent base-location data, Beijing considered sending radar systems to Iran
It remains unclear whether Beijing ultimately sent the radar systems to Tehran. Donald Trump had reportedly sent a letter to Xi Jinping urging him not to militarily support Iran. Meanwhile, Iran’s Islamic Revolutionary Guard Corps had allegedly used a Chinese satellite for attacks on bases, according to the Financial Times
Asian countries are the biggest losers from fuel transport disruptions
Several states are considering using their strategic reserves to mitigate the impact of energy market disruptions—China does not feel secure either
Strait of Hormuz: How China, India and Russia are shaping the new energy equation and oil prices
The conflict in the Persian Gulf is bringing the role of Russia into the spotlight as an alternative energy supplier for Asia’s energy-dependent economies. According to JMIC, the Strait of Hormuz is now almost closed to shipping
