In Focus

Top Stories

Archive
Global Briefing May 1

Iran War at 60 Days: $25B Cost, Hormuz Crisis, No End

The US-Israeli war on Iran reached 60 days with no resolution as Tehran rejected the US-amended peace plan and the Pentagon priced the campaign at $25 billion. Russia ran the war's largest daytime drone barrage — 409 UAVs, 388 intercepted — as Ukraine struck the Tuapse and Perm refineries; Hormuz traffic stayed down 90 percent with 20,000 seafarers stranded. Major central banks held rates but signalled hikes; US gas hit $4.30. Mercosur–EU entered into force and Aung San Suu Kyi moved to house arrest.

Read full brief
us · United States

US Sanctions Iran, Canada Tariffs, Debt Hits $40T

The United States entered the week with a $40 trillion debt load, 50 percent tariffs on Canadian goods and a promised “economic D-Day” against Iran. Each move projects leverage, but stubborn inflation, strained missile stocks and Tehran’s control over Gulf shipping show how quickly American coercion is consuming the capacity behind it.

Weekly brief
gb · United Kingdom

Iran-Linked Hackers Hit UK Power Plant

A four-day shutdown at a British power plant, 2.9 percent inflation and a £221 jump in typical annual energy bills brought foreign conflict into domestic systems. Andy Burnham’s missile-technology transfer to Ukraine and France’s interception of 4,300 Channel crossings show a government trying to push security outward while vulnerability keeps moving home.

Weekly brief
fr · France

France Campaign Tests Strained Institutions

Water tankers, a breach affecting 678,000 tax records and four suspected Russian operations against Gabriel Attal turned state capacity into an early presidential issue. The fiscal watchdog then warned that a year without a 2027 budget would worsen the deficit by at least 0.5 percent of GDP, making institutional competence the campaign’s scarce resource.

Weekly brief
de · Germany

Germany Arming as Coalition Shrinks: €12B Strike Plan

Germany answered Russian pressure with a €12 billion long-range arsenal and new aid for Ukraine, yet its auto industry lost 42,300 jobs and the AfD approached a first state government. Berlin is building harder external defences as economic stagnation and coalition weakness erode the political centre expected to sustain them.

Weekly brief
ua · Ukraine

Ukraine Air Defense Shortage After Russian Barrage

Russian barrages killed at least 16 around Kyiv and 16 more at a Kryvyi Rih shopping centre while Ukraine’s Patriot batteries ran nearly empty. Kyiv struck refineries, aircraft and air defences deep inside Russia, but Zelensky’s request for 300 to 360 interceptors shows that offensive success still cannot buy safety before winter.

Weekly brief
tr · Turkey

Erdoğan Pushes Single-Round Vote, PKK Amnesty

A proposed one-round presidential election, a conditional PKK pardon and Ankara’s request for an Interpol notice against Benjamin Netanyahu all widened Recep Tayyip Erdoğan’s room to act. Peace at home and leverage abroad could be genuine gains, but each is being organised around the presidency’s need to outlast a fragmented opposition.

Weekly brief
Day in Review

All Events

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

145
Filter
us95

US-Israeli war on Iran enters third month with no decisive outcome in sight

The US-Israeli war on Iran has entered its third month with Iran's closure of the Strait of Hormuz and a US naval blockade locked in stalemate, and indirect talks via Pakistani mediators producing no breakthrough. Veteran US negotiators Aaron David Miller and Daniel C. Kurtzer argue in Foreign Policy that the war has handed Tehran tactical setbacks but no strategic defeat, leaving Washington with no good options on the strait or the nuclear file.

Show summary

The US-Israeli war on Iran has entered its third month with Iran's closure of the Strait of Hormuz and a US naval blockade locked in stalemate, and indirect talks via Pakistani mediators producing no breakthrough. Veteran US negotiators Aaron David Miller and Daniel C. Kurtzer argue in Foreign Policy that the war has handed Tehran tactical setbacks but no strategic defeat, leaving Washington with no good options on the strait or the nuclear file.

ua95

Russia launches 409 drones across Ukraine in daytime barrage; Ukraine strikes Tuapse refinery for fourth time and Perm AVT-4

Russia launched 409 attack UAVs against Ukraine between 08:00 and 15:30 on May 1, the largest single daytime drone attack of the war. Ukrainian air defence shot down or suppressed 388, with 16 confirmed hits at six locations and debris at 11 more. Roughly 250 of the 409 were Shahed-type drones, with the remainder Gerbera, Italmas and other UAVs launched from Shatalovo, Kursk, Oryol, Millerovo and Primorsko-Akhtarsk in Russia and from Donetsk and Hvardiiske in occupied Crimea. Ternopil was struck by more than 50 Shaheds, with 10 injured and several districts losing power; Odesa and Kharkiv saw strikes on residential buildings and gas stations with multiple injuries. Ukrainian forces struck the Rosneft-owned Tuapse oil refinery in Krasnodar Krai for the fourth time in two weeks, causing a major fire at the marine terminal, and damaged the AVT-4 unit at the Perm refinery. Ukrainian President Zelensky has been pushing the day's drone exchange as part of a defence-export-and-coproduction "Drone Deals" framework tied to ten-year defence agreements with Saudi Arabia, the UAE and Qatar.

Show summary

Russia launched 409 attack UAVs against Ukraine between 08:00 and 15:30 on May 1, the largest single daytime drone attack of the war. Ukrainian air defence shot down or suppressed 388, with 16 confirmed hits at six locations and debris at 11 more. Roughly 250 of the 409 were Shahed-type drones, with the remainder Gerbera, Italmas and other UAVs launched from Shatalovo, Kursk, Oryol, Millerovo and Primorsko-Akhtarsk in Russia and from Donetsk and Hvardiiske in occupied Crimea. Ternopil was struck by more than 50 Shaheds, with 10 injured and several districts losing power; Odesa and Kharkiv saw strikes on residential buildings and gas stations with multiple injuries. Ukrainian forces struck the Rosneft-owned Tuapse oil refinery in Krasnodar Krai for the fourth time in two weeks, causing a major fire at the marine terminal, and damaged the AVT-4 unit at the Perm refinery. Ukrainian President Zelensky has been pushing the day's drone exchange as part of a defence-export-and-coproduction "Drone Deals" framework tied to ten-year defence agreements with Saudi Arabia, the UAE and Qatar.

tr95

Turkish police arrest nearly 400 in Istanbul May Day crackdown; Workers' Party leader Erkan Bas pepper-sprayed

Turkish police arrested nearly 400 people in Istanbul on May 1 during May Day demonstrations, according to figures from the CHD Lawyers Association cited by AFP, with riot-control vehicles firing tear gas into crowds in the Mecidiyekoey and Besiktas districts. Turkish Workers' Party president Erkan Bas was filmed engulfed in pepper spray; union official Basaran Aksu was arrested moments after denouncing the police lockdown of Taksim Square. Earlier in the week Turkish authorities had issued arrest warrants against 62 people, of whom 46 -- including journalists, trade unionists and opposition figures -- were assessed as "likely to carry out attacks". In Ankara, about 100 coal miners completing a nine-day hunger strike over wage arrears joined the May Day march under heavy police presence. The day's demonstrations were called under the slogan "Bread. Peace. Freedom." Inflation in Turkey is officially measured at 30 percent but is estimated at closer to 40 percent by independent analysts. Last year's May Day protests, which moved to the Kadikoey area after the same Taksim lockdown, also ended with more than 400 arrests.

Show summary

Turkish police arrested nearly 400 people in Istanbul on May 1 during May Day demonstrations, according to figures from the CHD Lawyers Association cited by AFP, with riot-control vehicles firing tear gas into crowds in the Mecidiyekoey and Besiktas districts. Turkish Workers' Party president Erkan Bas was filmed engulfed in pepper spray; union official Basaran Aksu was arrested moments after denouncing the police lockdown of Taksim Square. Earlier in the week Turkish authorities had issued arrest warrants against 62 people, of whom 46 -- including journalists, trade unionists and opposition figures -- were assessed as "likely to carry out attacks". In Ankara, about 100 coal miners completing a nine-day hunger strike over wage arrears joined the May Day march under heavy police presence. The day's demonstrations were called under the slogan "Bread. Peace. Freedom." Inflation in Turkey is officially measured at 30 percent but is estimated at closer to 40 percent by independent analysts. Last year's May Day protests, which moved to the Kadikoey area after the same Taksim lockdown, also ended with more than 400 arrests.

ua92

Ukraine confirms drone strike on Su-57 and Su-34 aircraft at Shagol airbase deep inside Russia

Ukraine's General Staff confirmed on May 1 that its Unmanned Systems Forces struck several Su-57 stealth fighters and a Su-34 fighter-bomber at the Shagol airbase in Russia's Chelyabinsk Oblast on April 25, approximately 1,700 km from the Ukrainian border.

Show summary

Ukraine's General Staff confirmed on May 1 that its Unmanned Systems Forces struck several Su-57 stealth fighters and a Su-34 fighter-bomber at the Shagol airbase in Russia's Chelyabinsk Oblast on April 25, approximately 1,700 km from the Ukrainian border.

gb92

Royal Navy's UKMTO warns of 'imminent humanitarian crisis' as Hormuz traffic falls 90%, 20,000 seafarers stranded

The Royal Navy's UK Maritime Trade Operations centre warned of an 'imminent humanitarian crisis' in the Strait of Hormuz on Friday, reporting traffic has collapsed by more than 90% — fewer than 10 ships a day from 130 before the war — with about 20,000 seafarers stranded on roughly 850-870 vessels at anchor in the Gulf. The UN refugee agency UNHCR reported a 17%+ jump in shipping rates and warned aid operations in Sudan, the Horn of Africa and DRC are increasingly disrupted.

Show summary

The Royal Navy's UK Maritime Trade Operations centre warned of an 'imminent humanitarian crisis' in the Strait of Hormuz on Friday, reporting traffic has collapsed by more than 90% — fewer than 10 ships a day from 130 before the war — with about 20,000 seafarers stranded on roughly 850-870 vessels at anchor in the Gulf. The UN refugee agency UNHCR reported a 17%+ jump in shipping rates and warned aid operations in Sudan, the Horn of Africa and DRC are increasingly disrupted.

us90

US prosecutors release footage of Trump assassination attempt suspect, deny friendly fire

The Justice Department released video on Thursday showing a man attempting to storm the White House Correspondents' Association dinner to allegedly kill President Donald Trump. US Attorney Jeanine Pirro posted the footage amid speculation that a Secret Service agent was struck by friendly fire, which she and other officials denied.

Show summary

The Justice Department released video on Thursday showing a man attempting to storm the White House Correspondents' Association dinner to allegedly kill President Donald Trump. US Attorney Jeanine Pirro posted the footage amid speculation that a Secret Service agent was struck by friendly fire, which she and other officials denied.

ua90

Ukraine strikes Transneft oil hub in Perm, deepens long-range campaign on Russian energy infrastructure

Ukraine has struck a strategically important Transneft oil pumping facility in Perm, 1,600 km from its border, as part of an intensified campaign against Russian oil infrastructure that has reduced export capacity by roughly 40 percent, according to Ukrainian and Reuters estimates.

Show summary

Ukraine has struck a strategically important Transneft oil pumping facility in Perm, 1,600 km from its border, as part of an intensified campaign against Russian oil infrastructure that has reduced export capacity by roughly 40 percent, according to Ukrainian and Reuters estimates.

de90

German unions vow 'hard resistance' to Merz coalition's pension and health cuts at May Day rallies

DGB chair Yasmin Fahimi told the central May Day rally in Nuremberg that German unions would mount 'hard resistance' to government plans to cut pensions, statutory health insurance and social benefits, warning of a 'major social conflict' if pension protection levels are touched. Hundreds of rallies took place across Germany under the banner 'first our jobs, then your profits.'

Show summary

DGB chair Yasmin Fahimi told the central May Day rally in Nuremberg that German unions would mount 'hard resistance' to government plans to cut pensions, statutory health insurance and social benefits, warning of a 'major social conflict' if pension protection levels are touched. Hundreds of rallies took place across Germany under the banner 'first our jobs, then your profits.'

fr89

TotalEnergies Q1 profits jump 51% to EUR 4.96 bn, reviving cross-spectrum French calls for a windfall tax on superprofits

TotalEnergies reported on April 29 first-quarter 2026 net profits of $5.8 billion (EUR 4.96 billion) -- a 51 percent year-on-year increase driven by oil-price rises from the Middle East war -- reigniting French political-party calls for a windfall tax on the company's "superprofits". La France Insoumise (LFI) is pushing for outright price controls; the Socialist Party (PS) and Greens favour targeted windfall-tax legislation. The presidential bloc remains cautious, preferring voluntary redistribution by the company. Marine Le Pen's Rassemblement National (RN) shows internal division on the question. The debate plays out as French households absorb the same energy-cost shock that drove the corporate result.

Show summary

TotalEnergies reported on April 29 first-quarter 2026 net profits of $5.8 billion (EUR 4.96 billion) -- a 51 percent year-on-year increase driven by oil-price rises from the Middle East war -- reigniting French political-party calls for a windfall tax on the company's "superprofits". La France Insoumise (LFI) is pushing for outright price controls; the Socialist Party (PS) and Greens favour targeted windfall-tax legislation. The presidential bloc remains cautious, preferring voluntary redistribution by the company. Marine Le Pen's Rassemblement National (RN) shows internal division on the question. The debate plays out as French households absorb the same energy-cost shock that drove the corporate result.

gb88

British couple sentenced to 10 years in Iran on espionage charges speak from Evin prison

Lindsay Foreman, 53, and Craig Foreman, 52, from East Sussex, were sentenced to 10 years in Iran's Evin prison on espionage charges they deny. In their first media interviews since incarceration, they describe deteriorating conditions and plead for government action.

Show summary

Lindsay Foreman, 53, and Craig Foreman, 52, from East Sussex, were sentenced to 10 years in Iran's Evin prison on espionage charges they deny. In their first media interviews since incarceration, they describe deteriorating conditions and plead for government action.