Snapshots

Philippines

Police personnel arrive outside the Senate of the Philippines in Pasay, Metro Manila, on May 13, 2026.

Military & Security

Politics

Intensifying Marcos-Duterte tensions, fueled by the vice president's impeachment and the ICC's attempted arrest of a Duterte-aligned senator, are testing Philippine institutions and threatening policy gridlock before the 2028 presidential race.

The Escalating Marcos-Duterte Feud Threatens Philippine Institutions

United States

Iran

Israel

Lebanon

A fireball and smoke erupt from a building following an Israeli strike in Tyre, southern Lebanon, on May 28.

Israel-Hamas Conflict

U.S.-Iran Relations

The recent expansion of Israeli operations in southern Lebanon demonstrates an effort to degrade Hezbollah's capabilities prior to any finalized de-escalation agreements between the United States and Iran.


The Strategic Implications of Israel's Expanded Lebanon Campaign

Spain

A National Police van is parked in front of the Spanish Socialist Workers' Party headquarters during the Civil Guard's police search on May 27, 2026, in Madrid, Spain. 

Widening inquiries into public procurement and influence peddling will continue to weaken the government of Prime Minister Pedro Sanchez.

Scandals Linked to Spanish PM Sanchez Point to Continued Political Paralysis 

The USS Rafael Peralta implements a maritime blockade against an Iranian-flagged ship attempting to sail toward an Iranian port on April 26, 2026, in the Arabian Sea.

Despite ongoing U.S.-Iran diplomatic engagement, unresolved disputes and continued hostilities make prolonged, unstable containment more likely than a comprehensive, long-lasting peace agreement.

U.S.-Iran Talks More Likely To Contain the War Than Resolve It

Japan

The Japanese flag flies outside the Bank of Japan (BoJ) headquarters in central Tokyo on March 19, 2024. 

Economics

Monetary tightening will increase government interest payments and fiscal deficits, but the impact on debt dynamics and defense spending will remain manageable, provided the central bank avoids large-scale government bond sales.

How Will Rising Interest Rates Impact Japan's Debt Outlook?

China

U.S. President Donald Trump (right) shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026.

U.S.-China Relations

Despite a mutual desire to stabilize relations, Xi and Trump's meetings produced few tangible results, sustaining the risk of future tariff escalations, export restrictions and other coercive measures.

Xi-Trump Talks Fail To Move the Needle on Major Issues

United Kingdom

U.K. Health Secretary Wes Streeting arrives at the University of Kent in Canterbury, England, on March 19, 2026, as students receive the Meningitis B vaccine.

While a leadership transition would prolong market volatility, any new prime minister would likely maintain policy continuity and fiscal discipline, differing only on the specific execution of budget restraint and EU rapprochement.

Starmer's Days Appear Numbered After U.K. Health Secretary Quits

United Arab Emirates

People wave Iranian pre-1979 Islamic Revolution and American flags while members of the Iranian community celebrate in front of the Federal Building on March 1, in Los Angeles. 

The recent exchange of fire around the Strait of Hormuz reflects calculated efforts by Washington and Tehran to re-establish deterrence and project strength, complicating already fragile negotiations.


Iran and U.S. Exchange Fire, Further Straining Ceasefire

Ukraine

Russia

Russian officers patrol central Moscow on May 5, 2026, in front of the Kremlin, a few days ahead of the Victory Day military parade, to be held at Red Square on May 9. 

Russia-Ukraine Conflict

While Ukraine is unlikely to attack Moscow during the May 9 parade, its expanding long-range strike capabilities will steadily increase the war's political, economic and psychological toll on Russia ahead of the September elections.

Ukrainian Strikes Put Russia on Edge Ahead of Victory Day Parade

Canada

Alberta separatists gather during a rally in front of the Elections Alberta headquarters in Edmonton, Canada, on May 4, 2026.

A renewed independence push in Alberta is highly unlikely to succeed, but Ottawa will still likely have to confront stronger secessionist pressures in Quebec after elections later this year. 

What To Make of the Albertan Secessionist Movement in Canada

While a Ukraine loan scheme will offer opportunities for British companies, it will not reintegrate the United Kingdom into EU defense structures.

A Small Step for EU-British Defense Cooperation

Saudi Arabia

The skyline of Dubai is seen on March 11, 2026.

Energy

The UAE's exit will enable it to boost production more quickly once shipping through the Strait of Hormuz normalizes, while hindering OPEC's ability to manage the subsequent price drops.

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