The Drill is your go-to series for insights on geopolitics, oil, and other commodities, providing valuable analysis of the geopolitical drivers of asset prices, and outlooks for industrial metals, energy, and more. In this edition, Mikkel Rosenvold and Oskar Vårdal illustrate a global landscape of easing geopolitical tensions — yes, easing — amid the newly installed Trump tariffs on Mexico, Canada, and China. Written March 4, 2025.
