The new alliance has certainly provoked an angry response from Beijing, which has denounced the formation of Aukus as an illegal act of nuclear proliferation
Rising interest rates and the fight against inflation has badly bruised balance sheets across finance. Serious consequences are starting to become clear and its putting pressure on central banks
Moscow's withdrawal from a nuclear agreement and huge shifts in defence policy from Japan and Germany mean that the gloves are truly off in the race for military readiness
Legislation to fund the American military and intelligence services will include requirements that Israeli defence firms be involved in sensitive projects and that classified information be shared
Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.