Category: Blogs

Energy Sanctions Dashboard: October 2025

The October 2025 edition of the Energy Sanctions Dashboard analyzed China’s central role in the market for sanctioned oil and the techniques Russia, Iran, and Venezuela use to evade sanctions on oil.

The global push for local-currency cross-border payments is intensifying

By Hung Tran

More than one hundred countries now operate instant payment systems, and growing efforts to link them are reshaping how cross-border transactions get settled in local currencies.

The future of European nuclear deterrence—and Turkey’s role in it

By Mehmet Fatih Ceylan and Ece Şolendil

With US guarantees in doubt, Europe is moving toward its own nuclear deterrent. Can it succeed—and what role should Turkey play?

From Moscow to Crimea, Ukraine is winning the drone war against Russia

By David Kirichenko

As Russia’s full-scale invasion enters a fifth summer, it is becoming increasingly apparent that the tide in the drone war has turned in Ukraine’s favor, writes David Kirichenko.

Ukraine’s experience can teach Europe how to defend against Russia

By Valeriya Ionan, Nicolas Dunais

Ukraine's wartime transformation should inform European defense modernization in both technology and doctrine. Europe must now choose: Seize the opportunity to adapt or procrastinate and risk future defeat, write Valeriya Ionan and Nicolas Dunais.

After the Iran war, the Gulf’s next economic phase awaits

By Khalid Azim

The region is no longer defined by a single economic model based on energy extraction, but by a set of diverging strategies shaped by common constraints.

The US needs a comprehensive batteries strategy to ensure its battlefield edge

By Joseph Webster and Kyle Chan

Batteries are becoming increasingly important in defense technologies. To keep an operational edge, the US needs to focus on new supply chains and developing technological advantages.

How Gulf investments are responding to the US-China critical minerals competition

By Chenjie Song and Jonathan Fulton

Gulf sovereign wealth funds are seeking to maximize return on investment while maintaining strategic optionality.

The problem with the US power-sharing plan for Libya

By Karim Mezran, Dario Cristiani

The nascent US initiative may succeed in reducing tensions and creating a slightly more predictable environment for foreign businesses, but a structural transformation remains out of reach.

Putin’s parade projected weakness but he is now more dangerous than ever

By Maksym Beznosiuk, William Dixon

While the Kremlin dictator is clearly in a weakened position, a diminished Vladimir Putin could be more dangerous than ever, write Maksym Beznosiuk and William Dixon.