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Mongolia: Oyu Tolgoi in the crosshairs – again

Date first published: 30/06/2026 Key sectors: mining Key risks: civil unrest; disruptive unrest; supply chain disruption; cargo transport   Risk development   On 16 June protesters blockaded major roads leading from Rio Tinto’s Oyu Tolgoi mine to the Chinese border, disrupting shipments of copper concentrate exports from one of the world’s largest copper mines. The protesters, […]

UK: From Manchester to Downing Street

Date first published: 23/06/2026 Key sectors: all Key risks: political instability, fiscal consolidation Risk development Prime Minister Keir Starmer announced his resignation on 22 June 2026, less than two years after leading Labour to a landslide general election victory. Labour won the 2024 general election with a majority of 172 seats, but since then, a weak economy […]

Lesotho: Deal of the decade?

Date first published: 16/06/2026 Key sectors: technology; renewables Key risks: frustration of process; economic risks; business risks; political instability Risk development On 4 June Maseru signed an agreement with US company Convalt Energy to build the 1,200-megawatt (MW) Kobong Hydropower Plant and artificial intelligence (AI) Data Centre in Mokhotlong district. Worth a total of LSL98bln […]

Armenia: Revolution, continued

Date first published: 09/06/2026 Key sectors: all Key risks: political stability; policy uncertainty; governance Risk development On 7 June Prime Minister Nikol Pashinyan’s Civil Contract party won parliamentary elections with 49.9 per cent of the vote, securing a governing majority of 64 of 105 seats. The Russia-friendly opposition alliance Strong Armenia, led by billionaire Samvel […]

NATO-Russia: Spillover season

Date first published: 26/05/2026 Key sectors: aviation; energy; defence Key risks: targeted attacks; regional conflict; regional escalation Risk development On 29 May at least two people were injured and hospitalised with burns after a Russian drone struck an apartment block in Galati, Galati county in eastern Romania, near the border with Moldova and Ukraine. The […]

Israel-UAE: A pragmatic partnership

Date first published: 26/05/2026 Key sectors: all Key risks: regional conflict; political stability; governance Risk development On 18 May the United Arab Emirates (UAE) and Israel established a joint defence fund, demonstrating how the Middle East war – initiated by the United States (US) and Israel against Iran – has been accelerating security cooperation between […]

United Kingdom: The Makerfield Test

Date first published: 19/05/2026 Key sectors: all Key risks: political instability, political impasse, government instability Risk development Makerfield is an unremarkable post-industrial constituency on the western edge of Greater Manchester. It is an unlikely setting for a contest that may determine the future of the Labour Party and the next occupant of Downing Street. On 14 May […]

Iraq: A placeholder in a pressure cooker

Date first published: 07/05/2026 Key sectors: political Key risks: political stability; governance; political polarisation; economic risks; business risks; tribal violence; sanctions Risk development On 27 April Iraq’s President Nizar Amedi, who was elected on 11 April, nominated businessman Ali al-Zaidi as prime minister-designate following months of political deadlock within the Shi’ah Coordination Framework (CF). The […]

Bulgaria: A landslide at last

Date first published: 23/04/2026 Key sectors: all Key risks: political stability; governance; policy uncertainty; economic risks Risk development On 20 April former president Rumen Radev’s newly formed centre-left Progressive Bulgaria (PB) party won a landslide victory in the 19 April snap parliamentary election with 44.7 per cent of the vote and 135 seats, securing an […]

Worldwide: The oil price divergence

Date first published: 21/04/2026 Key sectors: all; oil and gas Key risks: supply chain disruptions; inflation, oil shortages Risk development On 28 February, the United States (US) and Israel launched coordinated airstrikes on Iran, killing Supreme Leader Ali Khamenei and prompting Tehran to close the Strait of Hormuz. The resulting supply disruption is the largest […]

Libya: Control from above, fragmentation from below

Date first published: 14/042026 Key sectors: defence and security; energy; infrastructure Key risks: civil war; political impasse Risk development On 1 April satellite imagery revealed that at least three Chinese and Turkish unmanned aerial vehicles (UAVs), alongside ground control systems, had been deployed at Al Khadim Air Base near Benghazi between April and December 2025, […]

Nigeria: Pump or dump

Date first published: 31/03/2026 Key sectors: oil and gas Key risks: economic; fiscal stability; civil unrest Risk development On 30 March the pump price of petrol in the country rose roughly 67 per cent from NGN900 (US$0.65) to NGN1,400 (US$1.01) per litre since the start of the Middle East war. This followed a 23 March announcement […]

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