Global Hotspots Outlook: Energy and Economic Disruptions Grow Amid Iran Conflict

This week, the conflict in Iran intensified as the U.S. bombed military facilities on Iran’s Kharg Island and Israel bombed key Iranian energy facilities, with Iran responding with attacks on energy infrastructure in the Gulf. Israel also committed troops for a possible ground invasion of Lebanon. 

In the Indo-Pacific, U.S. President Donald Trump formally postponed a summit with Chinese President Xi Jinping by a month in light of the Iran conflict, while Japanese Prime Minister Sanae Takaichi visited Washington. Ukraine signed an agreement with the U.K. focusing on defense industry cooperation, while Türkiye stated it was willing to host a new round of negotiations between Ukraine, Russia, and the U.S. The U.S. continued its pressure campaign on Cuba, with Trump suggesting he wanted to “take” the island, while Russia pledged to deliver oil amid island-wide blackouts caused by the U.S. blockade. 

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