Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on geoeconomics and 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

Europe’s Energy Complacence
Europe’s Energy Complacence
Cedric Gemehl, Tom Holland
26 Nov 2025
As expectations grew of a possible peace deal over Ukraine, on Monday Europe’s benchmark TTF natural gas price fell to its lowest since May 2024. However, the decline in TTF prices predates the latest round of peace plans, and may reflect a dangerous degree of complacence over Western European energy supplies.
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Geoeconomic Monitor: A Bad Oil Bet In Venezuela
Geoeconomic Monitor: A Bad Oil Bet In Venezuela
Tom Holland, Tom Miller, Arthur Kroeber
21 Nov 2025
The Trump administration keeps talking about peace, but there is some chance the US could try a decapitation strike to take out Venezuelan president Nicolás Maduro and install a more friendly government. Also in this edition, we look at the latest flare-up in China-Japan tensions, and find that China’s big international lending portfolio is less about Belt-and-Road infrastructure and more about financing cross-border expansion by Chinese firms.
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Video: Hopes And Fears In The Middle East
After the United Nations Security Council passed a resolution on Monday endorsing Donald Trump’s 20-point peace plan for Gaza, hopes for a lasting peace remain alive—just. But although the resolution’s approval is an achievement in itself, the latest step does little to resolve the contradictions in Trump’s plan and the obstacles they present to progress. In this interview, Tom Holland assesses the chances of success and weighs the costs of a possible breakdown in the Gaza ceasefire.
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