The Economy Markets

China moves to restrict fertilizer exports amid Middle East-driven raw material supply shock Global fertilizer market faces severe disruption, with some warning of renewed resource weaponization Global supply chains remain at China’s mercy, with numerous critical minerals also under its sway

Trump publicly criticizes allies turning away from the Strait of Hormuz U.S.

Hezbollah’s Entry Expands the Scope of the ConflictMilitary Involvement Risks Deteriorating Relations with the Middle East

Defense Budget Expansion Driven by Security Paradigm Shift Massive Procurement Orders Directly Translate into Backlogs for Defense ‘Big Three’ Expectation of Rapid Structural Upgrading Across Germany’s Industrial Ecosystem

“Show Commitment as Allies” Remark Signals Demand for Troop SupportQatari LNG Supply Disruption → Direct Impact on Korea and Japan

Soaring oil prices as the Strait of Hormuz is sealed off fuel expectations of a sharp rise in European inflation Some countries within the bloc call for a resumption of energy trade with Russia, while the EU says it will “hold the line” As the shock to the global economy moves toward materialization, downward pressure is also mounting on growth across Europe

Trump pressures allies to join military operations in the Strait of Hormuz The EU and Germany effectively refuse, while Britain reverses course and maintains an ambiguous posture Japan, constrained by its pacifist constitution, faces speculation over possible participation should a Hormuz blockade become prolonged

“Oil Prices→Production Costs→Consumer Prices” Transmission PathFinancial Markets in Wait-and-See Mode? Prolonged War Would Force a Shift

Shifting Dynamics in the AI Memory Landscape, With Next-Generation Products Emerging Beyond HBM HBM’s Power-Efficiency Limits Growing Clearer as Performance Improves Continued HBM Advancement Signaling a Transitional Market Phase A seismic shift has

China Moves From Research and Concept Phase Into Real-World ValidationPrivate-Led U.S. Model Exposes Limits in Sustained Investment

Demand for postponement of summit ahead of China visit China entangled in energy, Iran ties, and U.S. negotiations Washington’s dual-track pressure strategy spanning energy and geopolitics As U.S.

Investment Thesis Weakens, High-Valuation Debate SpreadsSales Decline in Europe and China, Running Counter to Market Growth

DRAM Pushed to a Lower Priority Amid Intensifying AI CompetitionSupply Chain Leverage Concentrated Around Nvidia

Blueprint for In-House Chip Production to Move Beyond Outsourced ManufacturingCost Strategy Activated Amid Expectations of Prolonged Semiconductor Bottlenecks

Round Two of the Global Obesity Drug Boom Convenience-Driven Shift Toward Oral Therapies Competition to Capture the $150 Billion Market Intensifies The paradigm of the obesity treatment market

Growing Attention on CPUs as a Core Component of Data ProcessingNvidia’s Strategic Positioning Moves from ARM Toward Intel

Five countries specifically cited, envisioning joint operations with U.S.

Major Oil Producers Face Direct Impact, Qatar’s GDP Projected to Fall 14%Iran Adopts a Strategy of Endurance Despite Military Disadvantage

Plan to allow foreign vessels to transport crude oil and petroleum productsManufacturing economies in East Asia confront rising energy supply tensions

Expensive U.S. air defense systems deployed to counter low-cost weaponsDrone attacks cause limited physical damage but ripple through financial markets