Conflicts

• Former Indonesian Ambassador Dr. Wajid Fauzi delivered a presentation at Universitas Gadjah Mada (UGM) analyzing the historical and geopolitical drivers of Middle East conflicts. • He specifically highlighted the conflict in Yemen, explaining how domestic strife evolved into a regional proxy war between Saudi Arabia and Iran. • The strategic importance of Yemen was emphasized due to its proximity to the Bab el-Mandeb Strait, a critical global maritime chokepoint for trade and security.

• Ethiopia is currently navigating a turbulent environment shaped by overlapping conflicts, geopolitical rivalries, and significant economic risks. • The situation highlights the limitations of diplomacy, as weak trust between major international actors hinders the resolution of regional crises. • These developments illustrate a global trend where security shocks, climate emergencies, and humanitarian pressures are interconnected rather than isolated events.

• The SET Index is currently trading sideways as investors maintain a cautious stance amid a lack of significant new market drivers. • Market participants are closely monitoring geopolitical tensions in the Middle East, specifically focusing on negotiations regarding the reopening of the Strait of Hormuz. • Investors are also awaiting the release of upcoming U.S. labor data, which is expected to influence global market sentiment.

• Tensions between the United States and Iran have escalated, undermining the stability hoped for following a recently signed memorandum of understanding. • Gulf nations are increasingly analyzing the conflict in Ukraine to understand how global geopolitical shifts and converging conflicts impact their own regional security. • This convergence of crises highlights a deeper transformation in international politics, where legal and administrative decisions are reflecting broader strategic realignments.

• The European Union plans to establish a corporate advisory group following the summer break to enhance the bloc's overall economic security. • This new group will focus on sharing critical information regarding supply chain risks and managing potential trade conflicts. • The initiative matters as the EU seeks to protect its strategic interests and reduce vulnerabilities within its global trade networks.

• UN Secretary-General Antonio Guterres addressed the UN Security Council on Thursday, July 24, emphasizing the critical role of diplomacy in resolving global crises. • Guterres acknowledged that while diplomatic efforts may have failed to prevent current military confrontations and border tensions, they remain the most effective tool for ending them. • The remarks come amid rising global uncertainty and escalating tensions that threaten international peace and security.

• UN Secretary-General Antonio Guterres addressed the UN Security Council on Thursday to emphasize the critical role of diplomacy in resolving global crises. • Guterres acknowledged that while diplomatic efforts may have failed to prevent current military confrontations and border tensions, they remain the most effective tool for ending them. • The remarks come amid a period of escalating global uncertainty and instability caused by various ongoing conflicts.

• UN Secretary-General Antonio Guterres addressed a UN Security Council debate on Thursday, July 24, emphasizing the critical role of diplomacy in resolving global crises. • Guterres acknowledged that while diplomatic efforts may have failed to prevent current military confrontations and border tensions, they remain the most effective tool for ending them. • The remarks come amid rising global uncertainty and escalating military tensions that are disrupting international peace and security.