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us · United States

Iran War Costs Reach US: Cyber, Oil, Jobs

The Iran war reached American homes, workplaces and military planning this week: water systems in at least 12 states were disrupted, the Strategic Petroleum Reserve fell to roughly 304.8 million barrels, and employers cut 23,000 jobs in July. The Pentagon then ordered industry to accelerate missile production as Patriot and THAAD inventories tightened.

Weekly brief
gb · United Kingdom

Britain Rations Scarce Capacity: Prisons, Water, Migration

Britain spent the week rationing prison cells, housing, enforcement officers and water. The revised prisoner-release scheme still covers PC Andrew Harper's killers; illegal-working arrests passed 17,000; five people were arrested after three nights of disorder in Thetford; and 23 million customers faced hosepipe bans before a fifth heatwave.

Weekly brief
fr · France

France's Climate Emergency Shapes Presidential Race

France's hottest July on record turned drought and fire into the setting for the 2027 presidential contest. Average temperature reached 24.9?C, fires burned at least 120,000 hectares and unemployment rose to 8.3 percent. Russian-linked fabrications then targeted Gabriel Attal and other candidates as debt-service costs climbed to ?64 billion.

Weekly brief
de · Germany

Germany's Safety Margins Shrink: Drone, Rhine, Gas

Germany's week joined security exposure to physical scarcity. An explosive drone was found beside the Leipzig/Halle runway, Russian-linked fabrications targeted September election candidates, the Rhine approached an impassable level at Kaub, gas storage hovered near 47 percent, and heat deaths for the season reached an estimated 11,900.

Weekly brief
ua · Ukraine

Ukraine Deep Strikes vs. Air Defense Shortage

Ukraine's offensive reach expanded while its defensive shield thinned. A Russian barrage killed 17 around Kyiv after all 28 missiles got through; Black Sea attacks cut grain exports by a third; Kyiv's 40-day drone campaign hit more than 1,700 Russian targets but failed to force talks; and Zelensky warned that up to 50,000 North Korean troops could deploy.

Weekly brief
tr · Turkey

Turkey Turns Regional Disorder Into Leverage

Turkey converted a week of surrounding conflict into diplomatic leverage: it joined Saudi Arabia and Pakistan in a mutual-defence pact, restricted Black Sea traffic after attacks on Turkish-owned ships, and pressed for a merchant-vessel moratorium. At home, ?zg?r ?zel's New Party deepened the opposition split as parliament prepared a conditional-amnesty framework for PKK members.

Weekly brief
Day in Review

All Events

Every other event tracked today, with a one-line preview. Click Show summary to read more.

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ua48

Ukraine's 40-day drone campaign inflicts heavy damage but fails to force Russian talks

Background: In late June 2026, Ukraine launched a massive drone campaign across 12 Russian regions and occupied Crimea, announcing a 40-day influence operation to pressure Russia into peace talks. New development: The 40-day campaign ended on August 4 without forcing Russia to negotiate, with Putin's spokesperson declaring war aims unchanged. Despite this, Ukraine inflicted significant damage: over 1,700 targets hit, including oil refineries, storage reservoirs, and military air bases in Crimea. The campaign disabled 43% of Russia's refining capacity, caused $13.5 billion in cumulative losses, and damaged over 60 storage reservoirs. Strikes reached as far east as Ufa and Perm, and the Moscow Oil Refinery remains offline until 2027. Russia faced fuel rationing in over half its regions, paid 1.03 trillion rubles in subsidies to keep pump prices down, and its federal deficit exceeded planned annual levels. Crimea experienced severe power outages and a state of emergency, with fuel and food shortages. The campaign also targeted Wildberries warehouses, causing $2 billion in damage, and disrupted shipping in the Kerch Strait, with 100-150 civilian ships hit. Ukraine's drone forces conducted a three-pronged operation against Russian logistics, oil tankers, and the Crimea power grid. The strategy is now seen as complementary to US sanctions legislation, with drones and sanctions working together to impose compounding costs on Russia.

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Background: In late June 2026, Ukraine launched a massive drone campaign across 12 Russian regions and occupied Crimea, announcing a 40-day influence operation to pressure Russia into peace talks. New development: The 40-day campaign ended on August 4 without forcing Russia to negotiate, with Putin's spokesperson declaring war aims unchanged. Despite this, Ukraine inflicted significant damage: over 1,700 targets hit, including oil refineries, storage reservoirs, and military air bases in Crimea. The campaign disabled 43% of Russia's refining capacity, caused $13.5 billion in cumulative losses, and damaged over 60 storage reservoirs. Strikes reached as far east as Ufa and Perm, and the Moscow Oil Refinery remains offline until 2027. Russia faced fuel rationing in over half its regions, paid 1.03 trillion rubles in subsidies to keep pump prices down, and its federal deficit exceeded planned annual levels. Crimea experienced severe power outages and a state of emergency, with fuel and food shortages. The campaign also targeted Wildberries warehouses, causing $2 billion in damage, and disrupted shipping in the Kerch Strait, with 100-150 civilian ships hit. Ukraine's drone forces conducted a three-pronged operation against Russian logistics, oil tankers, and the Crimea power grid. The strategy is now seen as complementary to US sanctions legislation, with drones and sanctions working together to impose compounding costs on Russia.

us46

US Struggles to End Proxy Wars It Supports, Analysis Finds

A new analysis based on a Brookings Institution study argues that the United States has repeatedly failed to influence the endgame of wars it supports by allies, including in Ukraine, Gaza, and Yemen. The report, published in Foreign Affairs, contends that Washington often provides military aid without securing a shared strategy or clear conditions, losing leverage over time. It recommends using leverage early, conditioning aid on adherence to laws of war, and engaging directly with adversaries to facilitate settlements. The analysis highlights that less than 20% of wars since 1945 ended in clear victory, and that U.S. support has not translated into control over conflict outcomes.

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A new analysis based on a Brookings Institution study argues that the United States has repeatedly failed to influence the endgame of wars it supports by allies, including in Ukraine, Gaza, and Yemen. The report, published in Foreign Affairs, contends that Washington often provides military aid without securing a shared strategy or clear conditions, losing leverage over time. It recommends using leverage early, conditioning aid on adherence to laws of war, and engaging directly with adversaries to facilitate settlements. The analysis highlights that less than 20% of wars since 1945 ended in clear victory, and that U.S. support has not translated into control over conflict outcomes.

us46

Google Builds $200bn Wall Street Finance Machine to Back Anthropic

Google has established a $200 billion financial operation on Wall Street to support Anthropic, an AI company. This operation involves sophisticated financial engineering and significant investment, underscoring the massive capital flows behind leading AI ventures and the growing intersection of tech and finance. This reveals the immense scale of investment and financial engineering behind major AI ventures, with significant implications for the tech and finance sectors.

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Google has established a $200 billion financial operation on Wall Street to support Anthropic, an AI company. This operation involves sophisticated financial engineering and significant investment, underscoring the massive capital flows behind leading AI ventures and the growing intersection of tech and finance. This reveals the immense scale of investment and financial engineering behind major AI ventures, with significant implications for the tech and finance sectors.

fr45

Russian disinformation networks target French presidential candidates

French digital vigilance service Viginum has attributed recent disinformation campaigns against presidential candidates Édouard Philippe, Raphaël Glucksmann, and Gabriel Attal to Russian-linked influence operations. The operations, named Storm-1516, CopyCop, and Matriochka, used fake videos, articles, and AI-generated content to spread false claims, including about candidates' health and personal lives. Viginum assesses these as foreign digital interference, with Storm-1516 potentially coordinated by Russian intelligence, aiming to discredit Western politicians and fact-checkers, and to saturate the information space.

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French digital vigilance service Viginum has attributed recent disinformation campaigns against presidential candidates Édouard Philippe, Raphaël Glucksmann, and Gabriel Attal to Russian-linked influence operations. The operations, named Storm-1516, CopyCop, and Matriochka, used fake videos, articles, and AI-generated content to spread false claims, including about candidates' health and personal lives. Viginum assesses these as foreign digital interference, with Storm-1516 potentially coordinated by Russian intelligence, aiming to discredit Western politicians and fact-checkers, and to saturate the information space.

us45

Senate Committee Holds Fauci in Contempt; Three States Subpoena Him

Background: Senator Rand Paul has long pushed for Fauci's indictment over COVID-19 handling. At a Senate Homeland Security and Governmental Affairs Committee hearing chaired by Senator Rand Paul, Dr. Anthony Fauci repeatedly invoked his Fifth Amendment right against self-incrimination, declining to answer over 100 questions. He cited fear of perjury prosecution, arguing Paul had an 'obsession' with prosecuting him. Paul announced a contempt vote for next week and ordered Fauci's lawyer removed from the room. Florida's attorney general opened an investigation into Fauci. The hearing focused on COVID-19 origins, gain-of-function research, and Fauci's diary entries. Democrats defended Fauci, calling the hearing politically motivated. Today, the Senate Homeland Security Committee voted 8-5 along party lines to hold Fauci in contempt of Congress for refusing to answer questions, with Paul referring the resolution directly to the DOJ. Republicans also obtained Fauci's pandemic-era phone. Separately, the attorneys general of Florida, West Virginia, and Louisiana issued a joint investigative subpoena to Fauci, probing his COVID-19 handling, including awards, grants, and guidance that may have impacted businesses and consumers. The subpoena demands documents from Jan. 3, 2020, to the present. The DOJ said it will seriously review the referral. Democrats argued the move disregards constitutional protections and could deter future witnesses.

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Background: Senator Rand Paul has long pushed for Fauci's indictment over COVID-19 handling. At a Senate Homeland Security and Governmental Affairs Committee hearing chaired by Senator Rand Paul, Dr. Anthony Fauci repeatedly invoked his Fifth Amendment right against self-incrimination, declining to answer over 100 questions. He cited fear of perjury prosecution, arguing Paul had an 'obsession' with prosecuting him. Paul announced a contempt vote for next week and ordered Fauci's lawyer removed from the room. Florida's attorney general opened an investigation into Fauci. The hearing focused on COVID-19 origins, gain-of-function research, and Fauci's diary entries. Democrats defended Fauci, calling the hearing politically motivated. Today, the Senate Homeland Security Committee voted 8-5 along party lines to hold Fauci in contempt of Congress for refusing to answer questions, with Paul referring the resolution directly to the DOJ. Republicans also obtained Fauci's pandemic-era phone. Separately, the attorneys general of Florida, West Virginia, and Louisiana issued a joint investigative subpoena to Fauci, probing his COVID-19 handling, including awards, grants, and guidance that may have impacted businesses and consumers. The subpoena demands documents from Jan. 3, 2020, to the present. The DOJ said it will seriously review the referral. Democrats argued the move disregards constitutional protections and could deter future witnesses.

us45

North Korea Accuses US-Led Alliance of Creating 'New Security Crisis' in Asia-Pacific

North Korea has accused the United States, Japan, and South Korea of fostering a 'new security crisis' in the Asia-Pacific through expanded military cooperation, including large-scale exercises like RIMPAC. Pyongyang warned of a response with 'deterrence of a new level' and separately rejected US-led accusations of cyber threats, accusing Washington of militarizing cyberspace. This rhetoric underscores escalating tensions in the region as the US strengthens alliances and military posture.

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North Korea has accused the United States, Japan, and South Korea of fostering a 'new security crisis' in the Asia-Pacific through expanded military cooperation, including large-scale exercises like RIMPAC. Pyongyang warned of a response with 'deterrence of a new level' and separately rejected US-led accusations of cyber threats, accusing Washington of militarizing cyberspace. This rhetoric underscores escalating tensions in the region as the US strengthens alliances and military posture.

de45

Secret German-Russian talks in Baku resurface, straining Merz government

Background: In July 2025, Azerbaijani President Ilham Aliyev confirmed that former senior German and Russian officials held secret talks in Baku to discuss ending the war in Ukraine, with German Chancellor Friedrich Merz denying government involvement. Today: In July 2026, a similar meeting occurred, again involving former German officials Ronald Pofalla and Matthias Platzeck and Russian representatives Viktor Zubkov and Valery Fadeyev. Aliyev publicly disclosed the meeting during a press conference with Merz on July 21, 2026, reading out border-service records confirming the arrivals and departures, and stating that Azerbaijan had not been notified. The revelation has sparked controversy in Germany, with security agencies viewing the channel as a Russian influence operation, while Russian officials denied knowledge and Ukrainian officials dismissed the talks as unimportant. The incident has strained Merz's government, which denied involvement, and highlighted ongoing informal German-Russian elite networks and challenges for Merz's Ukraine policy.

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Background: In July 2025, Azerbaijani President Ilham Aliyev confirmed that former senior German and Russian officials held secret talks in Baku to discuss ending the war in Ukraine, with German Chancellor Friedrich Merz denying government involvement. Today: In July 2026, a similar meeting occurred, again involving former German officials Ronald Pofalla and Matthias Platzeck and Russian representatives Viktor Zubkov and Valery Fadeyev. Aliyev publicly disclosed the meeting during a press conference with Merz on July 21, 2026, reading out border-service records confirming the arrivals and departures, and stating that Azerbaijan had not been notified. The revelation has sparked controversy in Germany, with security agencies viewing the channel as a Russian influence operation, while Russian officials denied knowledge and Ukrainian officials dismissed the talks as unimportant. The incident has strained Merz's government, which denied involvement, and highlighted ongoing informal German-Russian elite networks and challenges for Merz's Ukraine policy.

gb45

UK Prime Minister Burnham considers public inquiry into Epstein's UK activities

UK Prime Minister Andy Burnham is considering a public inquiry into Jeffrey Epstein's activities in the UK, according to Victims Minister Alex Davies-Jones. Burnham has agreed to meet Epstein's victims and is reviewing possible actions, including how Epstein used UK military bases. The government is also considering an inquiry into allegations against former Harrods owner Mohamed Al Fayed, with the Metropolitan Police investigating over 400 allegations. This follows a BBC investigation that found around 90 flights linked to Epstein arrived at or departed from UK airports.

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UK Prime Minister Andy Burnham is considering a public inquiry into Jeffrey Epstein's activities in the UK, according to Victims Minister Alex Davies-Jones. Burnham has agreed to meet Epstein's victims and is reviewing possible actions, including how Epstein used UK military bases. The government is also considering an inquiry into allegations against former Harrods owner Mohamed Al Fayed, with the Metropolitan Police investigating over 400 allegations. This follows a BBC investigation that found around 90 flights linked to Epstein arrived at or departed from UK airports.

us45

US Uses USMCA Review to Push Economic Security Agenda Against China

Background: The USMCA trade agreement faces severe strain as the US, Mexico, and Canada navigate a mandatory review, with the US formally declining to renew and triggering annual reviews. Today, the Trump administration's decision not to renew the USMCA on July 1 is revealed as part of a broader strategy to embed economic security provisions aimed at limiting Chinese supply chain inputs into North American trade architecture. By triggering the review mechanism, Washington gains recurring leverage over Canada and Mexico, using the threat of annual reviews or treaty lapse to compel concessions on investment screening, export controls, and technology policy. Chinese investments in Mexico, particularly in the automotive sector, have stalled, and Mexico has raised tariffs on Chinese imports. While Canada has aligned many policies with the US, both neighbors resist full alignment, and the outcome could range from a revised trilateral agreement to a collapse that undermines continental integration.

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Background: The USMCA trade agreement faces severe strain as the US, Mexico, and Canada navigate a mandatory review, with the US formally declining to renew and triggering annual reviews. Today, the Trump administration's decision not to renew the USMCA on July 1 is revealed as part of a broader strategy to embed economic security provisions aimed at limiting Chinese supply chain inputs into North American trade architecture. By triggering the review mechanism, Washington gains recurring leverage over Canada and Mexico, using the threat of annual reviews or treaty lapse to compel concessions on investment screening, export controls, and technology policy. Chinese investments in Mexico, particularly in the automotive sector, have stalled, and Mexico has raised tariffs on Chinese imports. While Canada has aligned many policies with the US, both neighbors resist full alignment, and the outcome could range from a revised trilateral agreement to a collapse that undermines continental integration.

us44

Acting AG Blanche Pledges to Make Abortion Restrictions Permanent in Every State

Acting Attorney General Todd Blanche told faith leaders on a private call that the Justice Department is working to make the Dobbs decision permanent in every state, including restricting mail-order abortion drugs. Blanche indicated the administration is putting policies in place to prevent other states and organizations from sending abortion pills to states where they are banned, potentially invoking the Comstock Act. The DOJ clarified that his comments were about mail-order abortion drugs, not broader federal control. Blanche's nomination narrowly advanced out of the Senate Judiciary Committee and is expected to be confirmed.

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Acting Attorney General Todd Blanche told faith leaders on a private call that the Justice Department is working to make the Dobbs decision permanent in every state, including restricting mail-order abortion drugs. Blanche indicated the administration is putting policies in place to prevent other states and organizations from sending abortion pills to states where they are banned, potentially invoking the Comstock Act. The DOJ clarified that his comments were about mail-order abortion drugs, not broader federal control. Blanche's nomination narrowly advanced out of the Senate Judiciary Committee and is expected to be confirmed.