Global power struggles over the ocean’s finite resources call for creative diplomacy
Oceans shape everyday life in powerful ways. They cover 70% of the planet, carry 90% of global trade, and support millions of jobs and the diets of billions of people. As global competition intensifies and climate change accelerates, the world's oceans are also becoming the front line of 21st-century geopolitics.
How policymakers handle these challenges will affect food supplies, the price of goods and national security.
Right now, international cooperation is under strain, but there are many ways to help keep the peace. The tools of diplomacy range from formal international agreements, like the High Seas Treaty for protecting marine life, which went into effect on
Examples of each can be found in how the world is dealing with rising tensions over Arctic shipping, seafloor mining and overfishing. As researchers in international trade and diplomacy at
Arctic shipping: New sea lanes, new risks
As the
For companies, these routes - such as the Northern Sea Route along
However, Arctic shipping also raises complex challenges.
Understand how AI is changing society, with our weekly newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
The
Geopolitical tensions compound the practical dangers in Arctic waters that are poorly charted, where emergency response capacity is limited and where extreme weather is common.
As more commercial vessels move through these waters, a serious incident - whether triggered by a political confrontation or weather - could be difficult to contain and costly for marine ecosystems and global supply chains.
The council went dormant for over a year starting in 2022 after
In this context, Arctic countries can strengthen cooperation through other channels. An important one is science.
For decades, scientists from the
Going forward, countries could share more data on ice thaw, extreme weather and emergency response to help prevent accidents in a rapidly opening shipping corridor.
Critical minerals: Control over the seabed
The global transition to clean energy is driving demand for critical minerals, such as nickel, cobalt, manganese and rare earth elements, that are essential for everything from smartphones and batteries to fighter jets. Some of the world's largest untapped deposits lie deep below the ocean's surface, in places like the
Harvesting critical minerals from the seabed could help meet demand at a time when
These concerns sit alongside geopolitical tensions: Most deep-sea minerals lie in international waters, where competition over access and profits could become another front in global rivalry.
Against this backdrop, a loose coalition of issue-focused groups and companies have joined national governments in calling for a pause on deep-sea mining. At the same time, some insurers have declined to insure deep-sea mining projects.
Pressure from outside groups will not eliminate competition over seabed resources, but it can shape behavior by raising the costs of moving too quickly without carefully evaluating the risks. For example,
Overfishing: When competition outruns cooperation
Fishing fleets have been ranging farther and fishing longer in recent decades, leading to overfishing in many areas. For coastal communities, the result can crash fish stocks, threatening jobs in fishing and processing and degrading marine ecosystems, which makes coastal areas less attractive for tourism and recreation. When stocks decline, seafood prices also rise.
Unlike deep-sea mining or Arctic shipping, overfishing is prompting cooperation on many levels.
In 2025, a critical mass of countries ratified the High Seas Treaty, which sets out a legal framework for creating marine protected areas in international waters that could give species a chance to recover. Meanwhile, several countries have arrangements with their neighbors to manage fishing together.
For example, the
Market-based initiatives like the
Collectively, these efforts make it harder for illegal fishing to hide.
How well countries are able to work together to update quotas, share data and enforce rules as warming oceans shift where fish stocks are found and demand continues to grow will determine whether overfishing can be stopped.
Looking Ahead
At a time when international cooperation is under strain, agreements between countries and pressure from companies, insurers and issue-focused groups are essential for ensuring a healthy ocean for the future.
This article has been updated with the High Seas Treaty going into effect on



Irving health Insurance Coverage Shifts Raise Affordability Concerns
David Sampson: Florida insurance reforms deliver relief as litigation drops and rates ease
Advisor News
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
More Annuity NewsHealth/Employee Benefits News
- Health insurance marketplace feels growing tremors from GOP cuts
- GLP1s weight-loss drugs may soon be covered by health insurance under new Washington court ruling
- Private Medicare plans get a break
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Arizona's Medicaid, AHCCCS, undergoes huge changes
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
More Life Insurance News