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
-
Invested Allies
Reports
The United States is seeking to strengthen its domestic capabilities and supply chain resilience in a number of sectors critical for its economic security, including semicondu...
By Geoffrey Gertz & Eleanor Hume
-
Stability Without Deterrence Doesn't Work, with Sara Schuman
Podcast
Sara Schuman joins Emily to debrief on the Trump-Xi summit. She explains why it's OK to have a summit that is light on deliverables, describes how China is viewing its relativ...
By Emily Kilcrease
-
Video
Middle East Security / Energy, Economics & Security
Trump Holding Off on New Iran Strikes After Gulf AppealPresident Donald Trump said he called off a strike on Iran after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution. C...
By Chris Kennedy
-
Does OPEC Still Matter?
Commentary
On April 28, the United Arab Emirates announced that it would leave OPEC, effective May 1 — ending nearly six decades as an OPEC member. In terms of oil production, it is the ...
By Rachel Ziemba
