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Qatar

A photo taken on June 23, 2025, shows the remnants of an Iranian missile intercepted over Qatar. 

Military & Security

U.S.-Iran Relations

Absent further retaliation, Iran's June 23 attack offers a path to de-escalation, but there is still a chance, albeit slim, that additional U.S. strikes trigger a wider conflict.

With a Telegraphed Attack on a U.S. Base in Qatar, Iran Offers an Off-Ramp To Ease Tensions

A Northrop B-2 Spirit on July 4, 2020, near the White House in Washington. 

Energy

Even if carefully calibrated, Iranian retaliation of any form will risk inviting more U.S. strikes and greater escalation that could result in Iran following through on more of its significant threats against the regional oil and gas sector and/or the United States.

Iran's Retaliation Against the U.S. Will Likely Be Limited, but Will Still Risk Escalation

Israeli air defense systems intercept Iranian missiles over Tel Aviv amid a fresh barrage of Iranian rockets on June 16, 2025. Israeli air defense systems intercept Iranian missiles over Tel Aviv amid a fresh barrage of Iranian rockets on June 16, 2025. 

The Israel-Iran conflict is set to evolve into a short war of attrition as Iran pits its degraded missile stocks against Israel's dwindling air defense systems.

Assessing the Trajectory of the Iran-Israel War

Smoke rises from a location allegedly targeted in Israel's wave of strikes June 13, 2025, in Tehran, Iran. Israel and Iran are increasingly likely to expand the scope of their attacks to include targets like each other's political leadership, energy infrastructure and other sensitive targets that would open the door to a wider regional war.

Politics

Israel and Iran are increasingly likely to expand the scope of their attacks to include targets like each other's political leadership, energy infrastructure and other sensitive targets that would open the door to a wider regional war.

Israel and Iran's Conflict Intensifies, Raising the Risk of a Regional War

A view of the Bushehr nuclear power plant. Israel's massive strikes on Iran's nuclear and military sites mark a sharp escalation likely to trigger sustained retaliation, regional instability and the collapse of U.S.-Iran nuclear talks.

Israel's massive strikes on Iran's nuclear and military sites mark a sharp escalation likely to trigger sustained retaliation, regional instability and the collapse of U.S.-Iran nuclear talks.



What To Expect as Israel Goes After Iran's Nuclear Program, Military Capabilities

An Israeli Air Force F-16 fighter aircraft on March 24, 2025, over the city of Yokneam Illit in northern Israel.

Israeli launched a "preemptive" strike on Iran in the early hours of June 13, Israeli Defense Minister Israel Katz announced as he declared a special state of emergency inside Israel.

Israel Launches Major Military Strikes on Iran

China

Cargo shipping containers are seen stacked at the Port of Los Angeles in San Pedro, California, on April 15, 2025. 

Economics

Environment, Science & Technology

Global Trade

U.S.-China Relations

Science & Technology

Regardless of any short-term concessions, the U.S. will likely eventually expand the scope of its technology restrictions against China, likely prompting Beijing to retaliate by once again restricting exports of rare earths or other critical raw materials.

U.S.-China Framework To Implement Trade Deal Will Only Temporarily Ease Tensions

Spain

A protester holds a sign reading "Pedro Sanchez, give us back the democracy" during a demonstration in Madrid against Spanish Prime Minister Pedro Sanchez's government on June 8, 2025.

Corruption scandals, opposition pressure and legislative gridlock are weakening the prime minister and his government, complicating planned reforms and defense spending hikes.

In Spain, Sanchez's Struggles Risk Rendering His Government Ineffective

Netherlands

Geert Wilders (left), leader of the far-right Party for Freedom (PVV), addresses the media after attending the weekly coalition talks in The Hague, the Netherlands, on June 3, 2025.

The far-right party's exit from the ruling coalition will likely trigger early elections, leading to a prolonged period of political uncertainty amid complex coalition-building and months of caretaker governance.

The Netherlands Descends Into Political Crisis After Government Collapses

Poland

Right-wing opposition candidate Karol Nawrocki waves to supporters in Warsaw, Poland, following the presidential runoff election on June 1, 2025.

Global Elections

Russia-Ukraine Conflict

The incoming conservative president will likely veto many of the centrist government's domestic reforms, while his euroskeptic views will sustain foreign policy incoherence, potentially undermining Poland's economic outlook and its credibility as a regional leader.

Poland Braces for More Political Gridlock Following Nawrocki's Presidential Victory

Canada

Mexico

Japan

South Korea

Europe

A U.S. courthouse facade with columns in lower Manhattan, New York.

The court ruling nullifies most -- though not all -- of the Trump administration's tariffs, giving U.S. trading partners temporary breathing room in negotiations while the White House searches for alternative trade measures.

The White House's Tariff Ambitions Bend -- But Do Not Break -- Under the Weight of a Court Ruling

Australia

Opposition Leader Peter Dutton concedes defeat during a Liberal Party election night event on May 3, 2025, in Brisbane, Australia. 

The collapse of the center-right Liberal-National Coalition (LNC) will grant the ruling Labor Party freer rein to implement energy transition, industrial investment and fiscal reform policies.

Collapse of Australia's Conservative Coalition Reshapes Political Landscape, Further Empowers Labor

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