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The 18th BRICS Summit, held a few days ago in New Delhi, underscored a reality that is becoming increasingly difficult to ignore: the global economic order, long shaped under the leadership of the United States and its Western allies, no longer fully reflects the changing balance of economic power.
The sharp American objection to the accelerating rapprochement between Canada and the European Union cannot be understood as a mere passing trade dispute, or simply as a reaction to exchanged European and Canadian statements. The matter, at its core, concerns Canada's place within the American strategic sphere, and the escalating competition among major economic powers over markets, resources, supply chains, and influence.
The world has barely recovered from the inflationary shocks of the COVID-19 pandemic and the Russia-Ukraine war, yet the ongoing U.S.-Israeli war on Iran is creating the conditions for another global surge in prices. Disruptions to energy supplies and shipping through the Strait of Hormuz, the Red Sea and Bab al-Mandab are already raising transport, insurance and commodity costs, pressures that are likely to spread gradually to food, goods and services worldwide.
The U.S. economic war on Iran is entering a broader and more intensive phase. It has moved beyond directly targeting the Iranian economy to placing pressure on trade, financial and shipping networks, as well as on countries, companies and intermediaries that continue to do business with Tehran.
King Abdullah II’s visit to China comes at an international moment whose significance extends well beyond bilateral relations between the two countries. The world is undergoing tangible shifts in the balance of economic and political power, with the Western dominance led by the United States that characterized previous decades gradually receding, while China is rising and a number of Global South countries are assuming a growing role in the world economy and in shaping international balances.
Every year, as the results of the General Secondary Education Certificate Examination (Tawjihi) are announced and preparations for university admissions begin, the same question arises for tens of thousands of young men and women and their families: Which major should we choose? Today, however, this question has become increasingly complicated.
Artificial Intelligence (AI) is no longer simply a rapidly advancing technology. It has become one of the world’s major arenas of economic and political competition, reshaping the global balance and distribution of power. Hundreds of billions of dollars are flowing into semiconductors, data centers, energy, computing infrastructure, and advanced AI models, in a race led primarily by the United States and China, and to a lesser extent Western Europe.
The government deserves credit for its prudent decision to freeze fuel prices during August, despite rising global oil prices and the likelihood of further increases amid escalating security tensions in the region, growing uncertainty, and heightened market volatility. The decision is particularly significant for Jordan, which imports most of its oil and petroleum-product needs, leaving it highly vulnerable to fluctuations in global prices and disruptions in supply.
For nearly three decades, the Jordanian government has not submitted a new periodic report to the United Nations Committee on Economic, Social and Cultural Rights, even though Jordan is a State party to the International Covenant on Economic, Social and Cultural Rights and its next periodic report has been overdue for many years.
Successive disruptions in energy markets and maritime routes reveal that the world is undergoing a structural shift in the way energy security is managed. The model that prevailed over recent decades built on abundant supplies, the smooth flow of international trade, and reliance on spot markets to address temporary shortages is no longer suited to an environment increasingly shaped by wars, sanctions, supply-chain disruptions, and rising shipping and insurance costs.
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