Bear trap: Russia is running out of good options in Ukraine
Russia remains powerful and dangerous after 4.5 years of fighting, but that’s not the same as a strong strategic position
China in the crossfire as US widens economic warfare on Iran
Torn between strategic gain and economic risk, Beijing bets on how far it can back Tehran without fully provoking Washington
Japan’s drone sprint poised to hit an industrial wall
Sustaining drone defense at scale hinges on overcoming industrial, testing, procurement, alliance and supply chain hurdles
US transshipment claims in Southeast Asia rest on thin data
Scathing US report relies on national-level trade data, lacking the firm-level detail that would confirm true rerouting of China-made goods
Mystery shrouds CIA chief Ratcliffe’s urgent visit to Moscow
CIA director may have delivered a message to Moscow on how US and NATO would respond to possibly imminent takeover of Ukraine
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AUGUST 21, 2026
Bond markets defy Bessent’s attempt to force rates lower
- Bessent follows in the footsteps of Kuroda
- Debt deluge drives bond yields to the danger zone
- Ukraine’s wartime political consensus begins to fray
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