The two leaders also agreed to expand cooperation in new areas of growth, such as shipbuilding, nuclear power, supply chain and artificial intelligence.

Do not ignore the potential for your business to leverage upside as a consequence of an otherwise difficult geopolitical event, warns Gartner's David Gonzalez.

Trump said the U.S. International Development Finance Corporation would offer insurance to help ensure the flow of commercial trade in the Gulf.

The agreements signal a reset in relations that have been strained since 2023, over allegations surrounding the killing of a Sikh separatist leader on Canadian soil. 

Economists caution that the broader risk lies less in surging oil prices, and more in how that interacts with other mounting geopolitical pressures.

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges.

The move was in retaliation to Ecuador’s announcement that it would increase tariffs on imports from Colombia to 50% starting March 1.

Agility and execution matter as much as forecasting.

Some P&I clubs are expected to issue similar cancellation notices to those published by other members of the International Group on March 2.