Imagine a narrow strait less than 40 kilometers wide.Most people had never heard of it until recently. Yet today, it determines how much you pay for fuel, food, electricity, flights — and even heating next winter. Ukraine drone warfare, war economy, energy crisis, Strait of Hormuz, defense technology This is the Strait of Hormuz — a chokepoint between Iran and Oman.Around 20% of the world’s oil and 20% of global LNG trade flows through it. A narrow bottleneck — carrying one-fifth of the...

JP Morgan manages over $4.6 trillion in assets. I did the math — that's 1.7 trillion bowls of borscht. Enough to feed all of humanity every day for 7 months. But we weren't talking about borscht. Анна Бон. Офiс JP Morgan, Лондон We were talking about why Ukraine is the resource the world is about to scramble for. London. 48 hours non-stop. The most important negotiations of my life started with: "Would you like some tea?" JP Morgan is the world's largest bank by market cap. $4.6 trillion in...

We often speak about the loss of territories, but we rarely notice Ukraine's most expensive export, one for which we have received neither payment nor gratitude. This is the export of our human capital . Imagine Ukraine losing two entire years of its GDP simultaneously. Not through the destruction of factories or infrastructure, but quietly, across borders, in the backpacks and suitcases of our children. While the world debates weapon shipments and loans, we are losing our most precious...