Special edition: Air travel disruptions, heightened security concerns and rising oil prices are rippling across supply chains and financial markets as military and political developments in the Middle East shift hour by hour.

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Special edition: As missiles fly and traffic through the Strait of Hormuz slows, Washington faces a high-risk scenario on escalation, regime change and energy market stability.

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Special Edition: The U.S. military action against Iran seeks regime change, President Trump said. Facing an existential threat, Iran has signaled it is willing to use every tool in its arsenal, and the Middle East has become much more dangerous. 

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With tariffs struck down and quickly replaced, trade policy enters a new legal fight, while companies sue for refunds and brace for market swings. Also, violence erupts in Mexico after a drug cartel boss is killed.

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As Washington squeezes Havana’s fuel supply, humanitarian risks mount, and the geopolitical stakes rise. Also, trade compliance professionals are in hot demand.

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As the Trump administration targets diversity initiatives, Nike faces growing legal scrutiny over programs once seen as governance best practice. Also, companies find that AI isn’t a silver bullet.

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The expiration of the last U.S.–Russia nuclear arms control treaty removes key safeguards, increasing the risk of escalation and deepening uncertainty for governments and global business. Also, hackers are targeting unhappy company insiders.

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Sanctions have pushed oil trade into the shadows, creating a vast fleet of aging tankers and a growing risk to global shipping, maritime safety and the environment. Also, the U.S. plan for Venezuelan oil sales has challenges and many conditions.

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China’s moves for tech self-reliance are reshaping global risk, as Beijing targets one of the West’s strongest levers of influence in advanced chips. Also, a suspicious $400,000 prediction-market trade flags risks in monetizing political outcomes.

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Special edition: At the World Economic Forum’s annual meeting in Davos, our editors discuss Trump’s Greenland deal, geopolitical flashpoints and what’s ahead for energy markets.

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