World ✳
Iran war may be pausing, and oil prices are starting to fall
Two officials in the region told the Associated Press that mediators trying to stop the war in Iran are making real progress.
#Strait of Hormuz
Analysis ✳
Attacks and threats hit three major sea passages in one week
In one week, three of the world's busiest shipping passages were all in trouble.
Analysis ✳
The Sign in the Window: Why Deterrence Is Failing Everywhere at Once
Deterrence has always been a belief, not a weapon. This week, in Tehran, Kyiv, Tokyo and along the Korean border, that belief started to fail in the same place at once.
World ✳
US disables tanker in Strait of Hormuz as Saudi Arabia strikes Yemen
The US disabled a tanker in the Strait of Hormuz to enforce its blockade of Iranian ports as Saudi Arabia struck Yemen and the Houthis vowed retaliation, pulling the world's key oil chokepoint into the war.
World ✳
Ten nights of strikes, one offramp: mediators float a 10-day Gulf ceasefire
The US-Iran exchange has entered its tenth consecutive night as Houthis threaten Saudi shipping, yet mediators are pushing a 10-day ceasefire — the first concrete offramp in a widening Gulf war.
Analysis ✳
The Security Premium
A strait America cannot keep open, a navy built to close another, a nuclear taboo cracking in Tokyo, factories rising in Romania and Ukraine — read together, the week tells a single story about who pays for security and who collects.
World ✳
The Gulf war jumps the strait: Kuwait and Bahrain now under Iranian fire, US strikes hit ninth night, Brent tops $90
Kuwait says it is intercepting Iranian drones and explosions have been heard in Bahrain, drawing two more Gulf states directly into a conflict that until now centred on Israel, Iran and US forces. US strikes continued for a ninth straight night and Brent crude broke $90.
World ✳
Iran vows 'full-scale' offensive as US strikes enter seventh night and hit civilian targets
Iran threatened to resume full-scale offensive operations and renewed strikes on Gulf states after a seventh consecutive night of US airstrikes, France 24 and Reuters reported.
World ✳
US hits Iran for a seventh straight night — strikes now reaching civilian infrastructure
For the seventh night running, US forces struck Iran as fighting over the Strait of Hormuz escalated. What is new is the target set: reporting now describes both sides hitting civilian infrastructure, raising the humanitarian and energy stakes of a conflict already parked on the world's most important oil chokepoint.
Analysis ✳
The security premium: why states, not markets, now set the price of everything
Oil, arms, code: three markets, one week, one rule. Security is no longer a cost you insure against; it is the thing you buy. And the entity underwriting it is the state.
World ✳
US strikes hit Iranian bridges and railways; Kuwait reports damage to power and water plant
US strikes on Iran extended overnight to bridges, an airport and a railway station, Iranian media said, as Kuwait reported damage to an electrical and desalination plant and Cathay Cargo postponed Riyadh freighter services.
Analysis ✳
The New Price of a Closed Chokepoint
From the Strait of Hormuz to Lockheed's expanding missile lines to Ukraine's battle-tested electricity grid, the world is converging on a single question: what does it cost when a chokepoint closes? The states that control energy corridors and arms production are quietly setting the answer.