Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

Geoeconomic Monitor: Readying For Tariff D-Day
Geoeconomic Monitor: Readying For Tariff D-Day
Arthur Kroeber, Tom Holland, Tom Miller
17 Mar 2025
With the US planning to impose across-the-board levies, some countries will be able to negotiate their tariff rates lower, writes Arthur Kroeber, while for others a better strategy will be to stimulate their own domestic demand. In addition, Tom Holland looks at the leverage the US can apply to persuade Russia to accept the proposed Ukraine ceasefire, while Tom Miller assesses the fallout from CK Hutchison’s decision to sell its Panama Canal ports to BlackRock.
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Geoeconomic Monitor: The Iran Pressure-Test
Geoeconomic Monitor: The Iran Pressure-Test
Tom Holland, Tom Miller, Arthur Kroeber
28 Feb 2025
The US administration has been stepping up its “maximum pressure” campaign against Iran. But the campaign will have its work cut out to achieve its stated aim of driving Iran’s oil exports to zero. Meanwhile in Cairo the Arab street is responding to Donald Trump’s Gaza plans. And the green energy transition faces geopolitical and economic headwinds.
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What We Don’t Talk About When We Talk About Ukraine
It's hard to shake the impression that there is a hidden subtext to the talks about Ukraine between the US, Russia and Saudi Arabia, the world's three biggest oil producers. Are they willing and able to strike a tripartite deal on energy? And if so, what would it mean for prices? To find the answer, Tom examines each government's principal objectives.
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