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

The Implications Of Israel’s Action
13 Jun 2025
Any remaining hopes for sub-US$60/bbl oil prices this year must now be buried. Israel’s attacks early Friday against Iran, directed against nuclear facilities, missile sites and senior personnel, are a marked departure from earlier exchanges between the two Middle Eastern powers. For businesses and investors, the immediate consequence will be a higher geopolitical risk premium in financial markets, and especially in energy markets.
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Geoeconomic Monitor: All About Magnets
Geoeconomic Monitor: All About Magnets
Arthur Kroeber, Tom Miller, Tom Holland
6 Jun 2025
In this edition of Gavekal’s Geoeconomic Monitor, Arthur Kroeber and Tom Miller examine the probable evolution of China's stranglehold on rare earth metals, while Tom Holland assesses Vladimir Putin’s ability to continue to finance his war effort amid reports that the Russian economy is approaching a crunch point.
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Back To The Sanctions Weapon
27 May 2025
Trump’s change of tune on Putin lent force to the statement issued four days earlier by G7 finance ministers following their meeting in Canada. This threat raised the possibility that G7 heads of government could announce a new package of economic sanctions in June, intended to force Russia to agree to a ceasefire and peace talks. So, what could the G7 do? Would it work? And if so, at what cost?
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