Geopolitical events
On June 25, 2026, the United Nations Security Council adopted Resolution 2842, establishing the "Global Maritime Reconstruction Fund" to repair critical port and shipping infrastructure damaged during the West Asia War. The $40 billion initiative, primarily funded by the G7 nations and China, is designed to restore full commercial traffic through the Suez Canal and the Red Sea. Secretary--General António Guterres characterized the resolution as a "multilateral milestone" essential for stabilizing global commodity prices and ensuring the long--term resilience of international trade routes.