Iran · Naval · HouthisPro
The Houthi strike on two Saudi tankers turned the Red Sea into a second front alongside the Strait of Hormuz and pushed Brent past $100. The drones and missiles doing it cost a fraction of what it takes to stop them, and that gap is the story.
Ukraine · Russia · EuropePro
A decade of documented contact, one EU finding of intelligence collusion and a live corruption case establish Russian access and cultivation, not Kremlin financing or command of the party. The variable the whole file turns on is German weapons for Ukraine.
Ukraine · Russia · PolicyPro
Six days of protests cost Zelensky both his commander-in-chief and his chief of the General Staff. The new command team carries Mykhailo Fedorov's reform agenda without Fedorov, who is still refusing to come back.
Europe · Ukraine · Funding
Helsing, Quantum Systems and Stark raised $3.5 billion between them this summer. The deal terms underneath show all three scaling on production capacity they do not own.