May 27, 2026
Managed Scarcity: Governments, Stockpiles, and Defence Spending
Rachel Ziemba, Adjunct Senior Fellow in the CNAS Energy, Economics, & Security Program, outlines how the Strait of Hormuz closure has triggered shocks across energy and mining supply chains. Diesel and jet fuel shortages are hitting transport and industry, while sulphur disruptions ripple into metals processing. Governments are scrambling with bilaterial deals, stockpile drawdowns, and reserve releases, creating a period of “managed scarcity”.
Listen to the full interview on Mining Insiders.
More from CNAS
-
CNAS Insights
Defense / Indo-Pacific Security / Transatlantic Security / Middle East Security / Energy, Economics & Security
CNAS Insights | National Security Agenda in the New Congress: A 10-Item To-Do ListWhen Democratic majorities sweep into Congress in January, Washington will return to divided government. The prospect of stalemate will be real, with Democrats prone to opposi...
By Richard Fontaine
-
What Would a Democrat Midterm Win Mean for U.S. Foreign Policy?
Video
The midterms will shape the direction of US foreign policy in the next two years with pressures from competition with China, to Israel and the war with Iran. Liza Tobin [adjun...
By Liza Tobin
-
Getting U.S. Trade Deals To Spur Economic Security Co-Operation
Commentary
One lesson is that simply writing a binding promise to align with US economic security measures into a trade deal provides no guarantee of on-the-ground policy alignment....
By Geoffrey Gertz
-
Is This How a Europe-China Trade War Starts? With Tobias Gehrke
Podcast
Tobias Gehrke joins Emily and Geoff to debrief on the latest news on EU-China trade tensions. They discuss the EU-China deal on hybrid vehicles, the potential for further esca...
By Emily Kilcrease & Geoffrey Gertz
