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After the Strategic Reserves Run Dry

Two-Thirds Gone, Winter Ahead On 30 September the US Department of Energy put the last 40 million barrels of its share of March’s emergency release...

The Diesel Weapon

Twenty-Four Hours in October On 1 October Washington told Europe to release 120 million barrels of diesel from its emergency stocks over six months, or...

Both Shores of the Bab el-Mandeb Are Now at War

A Charge Sheet Aimed at the Sea On 29 September, Ethiopia's army chief, Field Marshal Birhanu Jula, told the country that its soldiers were fighting...

The End of Cheap Money? Why Record Global Bond Yields Matter for the Global South

5.34% and a Finance Minister's Problem On Thursday the yield on the 10-year US Treasury touched 5.34%, its highest since 2002. The same day, Britain's...

Kaliningrad: Russia Has Drawn a Nuclear Red Line Around a Blockade That Doesn’t Exist

On 30 September, Russia put a nuclear threat in writing and sent it to NATO. The diplomatic note, seen by Reuters, warned that Moscow...

Milei’s Falklands Ultimatum: $100 Oil Thaws a Frozen Dispute

Two Weeks, One Oilfield On 29 September, Javier Milei gave Britain two weeks to halt the Sea Lion oil project north of the Falkland Islands,...

America’s Diesel-Ban Threat Shows Europe Is Paying for the Iran War

A Promise Meets a Midterm On 22 September, Donald Trump said he might support a ban or quantitative limit on US diesel exports. Soon afterwards...

The Last US Troops Have Left Iraq, and It Is Now Iran’s Launchpad

A Departure, and a Drone Launcher On 30 September the last American troops left an air base in the Erbil region, ending the US military...

Latvia’s Election: Rail Baltica Is a NATO Problem, Not a Budget Scandal

Eurofighters Over Lielvārde This week, four German Eurofighters and several dozen ground crew arrived at Lielvārde air base in central Latvia. They were sent at...

Xi’s Purge of the PLA Makes a Taiwan War Less Likely in 2027, but a Crisis Harder to Manage

Two Men at the Top, Two Ships in the Spratlys Today China marks National Day with the smallest military high command in its modern history....

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2026 US Midterm Elections Explained: Key Dates, Battleground Races and What’s at Stake

Early voting has been ongoing for weeks ahead of...

Russia Ramps Up Arctic Oil Exports as Global Shipping Crisis Disrupts Trade Routes

In 2026, Russia's oil exports through the Northern Sea...

France’s Unrest Exposes Macron’s Deepening Crisis in His Final Months in Power

France is experiencing severe civil unrest, leading to a...
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