Week Ahead in Geopolitics: Global Food Crisis and Rise of Yuan-Trade

Apr 20
2 min read

Geopolitical expert Abishur Prakash ("Mr. Geopolitics") presents his latest "Week Ahead in Geopolitics," touching on the global food emergency, the rise of Yuan-denominated trade, the return of Russian oil, and NATO's future.

Summary:

Iran War Drives Food Emergency: The British government is actively preparing for “food shortages” as a worst-case scenario due to the Iran war’s effect on global fertilizer production and natural gas flows. Officials are planning for lower meat supplies, such as chicken, in the coming summer months.
Yuan vs. US Dollar: For the first time in seven years, India has imported four million barrels of crude oil from Iran. However, to pay for the energy, Indian refiners are using the Chinese Yuan, settled through a local Indian bank. It comes as a 30-day US waiver to buy Iranian seaborne oil expires on April 19, and Washington threatens sanctions on buyers of Iranian oil.
Future of NATO: As the US flirts with the idea of leaving NATO or cutting troop numbers in Europe, Slovenia’s new parliamentary speaker has called for a referendum on the country’s NATO membership.
He said Ljubljana, Slovenia’s capital, must define the country’s fate, not policymakers in Brussels.
Russian Oil Returns: As the US ends waivers for the purchase of Russian oil, Indonesia, which is negotiating a defense deal with Washington, has said it plans to purchase Russian energy to offset the Iran crisis. The US is pressured to put defense before sanctions, or vice-versa.

Expert Perspective: Analysis by Abishur Prakash, one of the world's leading geopolitical experts and strategists. This insight, "Week Ahead in Geopolitics," shows executives and policymakers how the biggest geopolitical risks could play out.