Snapshots

Chile

Chilean lawmakers in Congress celebrate at the end of the voting session on the economic reform bill on July 21, 2026.

Economics

Politics

Chile is poised to soon enact one of its broadest economic reform packages in decades, which will likely boost investor confidence and regulatory certainty, but at the expense of rising fiscal pressures.

What To Expect as Chile Prepares to Enact Sweeping Economic Reform Bill

Turkey

Demonstrators yell through a megaphone and hold a framed portrait of the ousted Republican People's Party (CHP) chairman, Ogur Ozel, during an opposition rally in Izmir, Turkey, on May 24, 2026. 

The split could reduce the opposition's competitiveness in the 2028 general elections and further embolden Erdogan to pursue another term via constitutional or electoral mechanisms.

Turkey's Main Opposition Party Splits, Casting Uncertainty Over Efforts to Oust Erdogan

United States

Middle East and North Africa

Iran

Israel

Saudi Arabia

Yemen

Yemeni protesters take part in a demonstration held to send a message of defiance against the continued siege and any military escalation involving Saudi forces against Houthi-controlled northern Yemen on July 17. 

Energy

Israel-Hamas Conflict

Military & Security

U.S.-Iran Relations

Forced to bypass the disrupted Strait of Hormuz, Saudi Arabia's increased reliance on alternative routes leaves its critical oil shipments vulnerable to Houthi attacks.


Yemen's Houthis Threaten Saudi Oil Exports With Red Sea Blockade

United Kingdom

India

A giant Indian flag is displayed from the country's embassy in London on May 7, 2025.

While the agreement will support both countries' economic diversification efforts, U.K. regulatory standards and supply chain challenges will limit some gains for India.

What To Expect as the India-U.K. Trade Deal Enters Force

Ukraine

Russia

People gather for a second consecutive day of protests in central Kyiv, Ukraine, on July 17, 2026, following the controversial dismissal of Defense Minister Mykhailo Fedorov.

Russia-Ukraine Conflict

Zelensky's potentially imminent decision to dismiss the army chief under mounting public pressure would weaken his authority, while prolonged turmoil could further strain Ukraine's war effort.

Defense Minister's Ouster Plunges Ukraine Into Biggest Wartime Political Crisis Yet

China

Vietnam

A large container ship is seen docked at a port. 

Though interim measures or narrower agreements are plausible, Vietnam's dependence on Chinese inputs will likely prevent a comprehensive agreement, potentially exposing it to stricter U.S. scrutiny and new tariffs.

Vietnam's Reliance on Chinese Imports Complicates U.S. Trade Talks

Armed Yemeni supporters of the Iran-backed Houthi movement brandish their weapons during a protest against U.S. strikes on Iran in Sanaa on July 10, 2026. 

The attacks do not necessarily signal an immediate return to a full-scale war between the Saudis and the Houthis or a reignition of Yemen's civil conflict, but the likelihood of more frequent flare-ups in both theaters is increasing.

Saudi Arabia and the Houthis Exchange Airstrikes, Breaking Yearslong Unofficial Truce

Palestinian Territories

People gather by the rubble of destroyed buildings following an Israeli strike on an industrial area in Gaza City on July 12.

Hamas will likely continue to reject full disarmament in the hope that a more moderate Israeli government will come to power following elections in the fall.


Unfeasible Plans for Gaza Governance Hinder Progress of U.S-Backed Ceasefire 

Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026, outside of Moscow, Russia.

Russia will retain the ability to produce and export most of its oil, but sustained Ukrainian strikes will erode its refining capacity, exacerbate domestic fuel shortages and raise the risk of deeper production cuts.

Ukrainian Strikes Deepen Russia's Fuel Refining Crisis

Europe

Germany

Spain

EU flags are displayed in the EU Council headquarters on July 9, 2026, in Brussels, Belgium.

While the European Union is unlikely to adopt the Spanish plan, it could drive an incremental expansion of common borrowing for strategic priorities like defense and industrial competitiveness.


Spain Broaches EU Taboo With Common Debt Proposal

People pass a large banner depicting U.S. President Donald Trump with a target on his head, during funeral ceremonies for Iran's slain Supreme Leader, Ayatollah Ali Khamenei, at the Grand Mosalla on July 5 in Tehran, Iran. 

Global Trade

Recent tit-for-tat strikes between the United States and Iran signal the rising risk of a return to high-intensity regional conflict following the June 17 memorandum of understanding.


U.S.-Iran Truce at Risk of Collapse Over Hormuz Control Dispute

Sudan

United Arab Emirates

Sudan's de facto leader and army chief, Abdel Fattah al-Burhan, waves to spectators after attending a soccer match at Kober Stadium in Khartoum on May 15, 2026.

The outbreak of the Iran war has redirected Western and Arab diplomatic attention away from Sudan, worsening the country's long-running civil war.

Humanitarian Disaster Looms in Sudan as RSF Prepares New Offensive

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