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Energy

Oil, gas, refineries, and shipping lanes: energy as a weapon of war.
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ANALYSIS: The Ukrainian drone that set Moscow — and Putin's strategy — on fire
Analysis· No. 884

ANALYSIS: The Ukrainian drone that set Moscow — and Putin's strategy — on fire

On June 18, 2026, at dawn, residents of the Kapotnya district in southeastern Moscow woke to an apocalyptic atmosphere: columns of black smoke rising…

DECODING: The EU tightens screws with a 21st sanctions package against Moscow — but Brussels stumbles
Analysis· No. 881

DECODING: The EU tightens screws with a 21st sanctions package against Moscow — but Brussels stumbles

On June 9, 2026, European Commission President Ursula von der Leyen announced with great fanfare the 21st European Union sanctions package against Russia. Nearly…

REPORT: Natanz, Fordow, Isfahan — What IAEA Inspectors Will Find, Hope For, and Dread
Reportage· No. 878

REPORT: Natanz, Fordow, Isfahan — What IAEA Inspectors Will Find, Hope For, and Dread

On June 26, 2026, the Director General of the International Atomic Energy Agency, Rafael Grossi, publicly declared that inspections of Iranian enrichment sites will…

PROFILE: Rafael Grossi, the man who must verify the unverifiable against Iran
Profile· No. 850

PROFILE: Rafael Grossi, the man who must verify the unverifiable against Iran

It was from Tokyo, on the margins of an international meeting, that Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), spoke…

COLUMN: Ukraine strikes at the heart of Russia — negotiate from strength, or don't negotiate
Column· No. 849

COLUMN: Ukraine strikes at the heart of Russia — negotiate from strength, or don't negotiate

In June 2026, Ukraine struck an oil refinery in the heart of Moscow — 10 miles from the Kremlin — twice in one week.…

OPINION: The Strait of Hormuz, the global tap Tehran opens, shuts, and monetizes at will
Note· No. 809

OPINION: The Strait of Hormuz, the global tap Tehran opens, shuts, and monetizes at will

There are places on the map that concentrate, within a handful of kilometers, the full weight of international politics and all its anxieties. The…

FACT-CHECK: Trump, Iran and Nuclear Inspections — What Was Actually Signed
Analysis· No. 801

FACT-CHECK: Trump, Iran and Nuclear Inspections — What Was Actually Signed

June 26, 2026. Donald Trump posts on Truth Social a message that, in his own words, confirms that Iran has "accepted long-term nuclear inspections."…

INVESTIGATION: Venezuelan Oil Under Custody — How Moscow and Beijing Are Locking In the Post-Maduro Era
Investigation· No. 773

INVESTIGATION: Venezuelan Oil Under Custody — How Moscow and Beijing Are Locking In the Post-Maduro Era

On January 3, 2026, U.S. special forces captured Nicolás Maduro under a federal arrest warrant for narco-terrorism. Within hours, Delcy Rodríguez became acting president…

OPEN LETTER: Mr. Grossi, Iran, and the Geneva deadlock — what the world expects from you
Open letter· No. 754

OPEN LETTER: Mr. Grossi, Iran, and the Geneva deadlock — what the world expects from you

Mr. Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), between June 24 and 26, 2026 you said something of remarkable clarity:…

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