Senate Shelves Crypto Market-Structure Bill, But Wall Street Keeps Buying Bitcoin
The US Senate will not vote on crypto's most consequential piece of pending legislation before lawmakers leave Washington for their August recess, leaving the...
The Insurance Ceasefire
On 21 July, Houthi forces announced a blockade of Saudi Arabian ports. The next day, the spot rate to move a very large crude...
The Gold Was Never About Inflation
On 23 July, the EU adopted its 21st and largest sanctions package against Russia — 218 listings, asset freezes on 94 banks, the first-ever...
One Spreadsheet, Three Crises
On 6 July, the Dutch government summoned the mayors of ten municipalities that had simply refused to open the asylum shelters the law requires...
Europe Is Building a Defense Industry Faster Than It Can Decide Who Belongs In It
Earlier this year, British negotiators walked away from talks to join the EU's flagship defense fund after being quoted a price of €6 billion...
To Beat a State-Capitalist Rival, Washington Became One: Inside the New Critical Minerals Race
On July 10, almost exactly a year after the Pentagon announced it was becoming the largest shareholder in MP Materials, the International Energy Agency...
Washington Arrived Late: Syria’s Economic Reintegration Is Already a Gulf-Run Enterprise
On July 13, at Damascus's Dama Rose Hotel, Syria's economy minister, Nidal al-Shaar, stood before executives from Chevron, Visa, Citibank, EY and a dozen...
Are Terrorist Networks Entering a New Era of Cooperation?
For much of the modern era, terrorist organizations have been understood through the prism of ideology. Ethno nationalist insurgencies have pursued territorial autonomy, while...
Europe’s North African Gas Bet Isn’t Diversification — It’s a Two-Country Wager
Last Friday, in Berlin, Algerian president Abdelmadjid Tebboune signed an expanded gas agreement with Germany — the second Algerian-German gas deal in three years,...
Ukraine’s New Military Chief Faces First Major Test
Ukraine's new top general, Mykhailo Drapatyi, faces significant challenges as he takes over amid the ongoing war with Russia. Appointed by President Volodymyr Zelenskiy,...