More: premium
NATO’s Escalation Problem: The New Psychology of Russian Provocation
Every time Russia crosses a line NATO said mattered and NATO's response looks functionally identical to its response to the previous violation, the alliance...
The Periodic Table Is a Sanctions Weapon Now
On 23 July, the EU adopted its toughest sanctions package yet against Russian oil and gas revenue — asset freezes on 94 banks, an...
China’s Export Controls Are Supposed to Target America. Why Do They Keep Hitting Europe?
On October 9, 2025, China's Ministry of Commerce added five more rare earth elements to its export control list and, for the first time,...
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...
Can Europe Really Fund NATO’s $140 Billion Pledge to Ukraine?
A Test Disguised as a Triumph
NATO's Ankara summit produced the largest Ukraine funding commitment of the war: European allies and Canada pledged at least...
Hamas’s Disarmament Dare: The New Limits of American Dealmaking
Central Claim
The US-brokered deal for Hamas to disarm and Israeli forces to withdraw from Gaza is less an agreement than a diplomatic dare: each...
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...