A new logic of China-Asean economic integration emerges from the Middle East conflict
The global economy is moving from one driven by the gains of globalisation to one shaped by the pricing of security risks
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THE escalating conflict in the Middle East is no longer a localised crisis; it has become a critical force reshaping the structure of the global economy. Unlike past energy shocks, its impact goes beyond supply disruptions or price volatility.
At its core is the politicisation of energy, finance and supply chain mechanisms. As the Strait of Hormuz – one of the world’s most vital energy chokepoints – becomes embedded in a geopolitical contest, energy prices are no longer determined purely by market forces, but increasingly anchored by security risks.
The global economy is thus entering a new phase dominated by geopolitics. This transformation carries three profound implications.
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