Economy

Illustration - Analysis - Hormuz
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Analysis: The real test of the Hormuz deal is whether it can turn a tactical compromise into a durable diplomatic opening between the US and Iran

Yanis Varoufakis: The crisis of capitalism is deepening

Yanis Varoufakis: The crisis of capitalism is deepening

UK, looking North of River Thames with view of high rise office buildings in London business district against blue sky
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	Cargo ships and tankers are seen off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP via Getty Images)
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Pakistan's Finance Minister Muhammad Aurangzeb shakes hands with IMF Managing Director Kristalina Georgieva during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC
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2019/09/28: A fuel dispenser seen at Preem station seen in Gothenburg. Swedish petroleum corporation owned by billionaire Mohammed Hussein Al-Amoudi.
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A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017
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Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Departmentâs 2027 budget request in Washington, DC on April 22, 2026.
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Starmer Macron [Getty]
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