The dark shadow of geopolitics

Smoke billowing during Israeli shelling in Rafah on the southern Gaza Strip late last year. The Middle East conflict is on the verge of widening and it has already affected commercial shipping in the Red Sea leading to the Suez Canal, a route that carries 12% of global trade. — AFP

THE world has many issues to worry about but geopolitics remains the top concern because of its devastating effect on the global economy.

Geopolitics is the No. 1 risk in the world today, said Jamie Dimon, the boss of JPMorgan Chase & Co, in an interview in late 2023.