Geopolitics

Geopolitics examines shifts in power arising from competition among countries over security, territory, resources and technology. Recent volatility in U.S.-Iran relations and the Strait of Hormuz, along with rising risks involving Russia and NATO, has affected oil prices, Bitcoin and U.S. stocks. Taiwan's role in the U.S.-China economic relationship has also become more prominent because of its AI chip and server exports. These developments can spread through energy markets, supply chains and risk-averse market sentiment, making geopolitics important to watch.