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United States

Europe

Economics

Politics

Increased EU purchases of U.S. fossil fuels may ease trade tensions and facilitate talks with the incoming Trump administration, but they are unlikely to alone defuse the risk of tariffs and other trade disputes in the years ahead.

Can the EU Avoid Trump's Tariffs by Importing More U.S. Oil and Gas?

South Korea

South Korean President Yoon Suk-Yeol declares martial law on Dec. 3, 2024, in Seoul, South Korea. 

Legal, social and political pressures will likely still force Yoon out of office in the coming months, bringing a liberal president to power who would pursue pro-labor policies and reorient South Korea's foreign relations.

South Korea's President Yoon Not Impeached, but His End Is Nigh

Iran

Lebanon

Syria

Russia

A military vehicle burns after it was hit by Syrian regime forces Dec. 7 in Syria's Hama governorate. After the regime's fall, competing rebel factions will vie to create a provisional government, a slow process prone to violence as foreign actors try to shape the postwar balance of power.

Military & Security

After the regime's fall, competing rebel factions will vie to create a provisional government, a slow process prone to violence as foreign actors try to shape the postwar balance of power.

Syrian Rebels Pushing to Damascus, Regime Facing Imminent Collapse

Romania

Demonstrators hold EU and Romanian national flags during a pro-European rally in support of democracy at University Square in Bucharest, Romania, on Dec. 5, 2024, a few days before key elections. 

The ruling may bolster support for anti-establishment parties, undermine public trust in Romania's institutions and establish a dangerous precedent in other parts of Europe.

Romania's Election Annulment Raises the Stakes Domestically and Abroad

France

French Prime Minister Michel Barnier delivers a speech at the National Assembly, the French Parliament's lower house, in Paris on Dec. 2, 2024.

France faces heightened political instability as no-confidence votes threaten the government following Prime Minister Barnier's use of Article 49.3 to pass the 2025 budget without parliamentary approval.

Barnier's Budget Gambit Triggers Political Showdown in French Parliament

Canada

Mexico

NYSE workers during morning trading Nov. 26 in New York. Incoming U.S. President Donald Trump is unlikely to place large tariffs on Canada and Mexico immediately upon taking office, but the mere threat to do so will likely chill investment in North America amid growing uncertainty about U.S. trade policy.

Though tariffs are unlikely, threats alone will likely chill investment amid growing uncertainty about U.S. trade policy.

Trump's Tariff Threats Alone Likely to Chill North American Investment

Romanian presidential candidate Calin Georgescu is seen during a television interview on Nov. 13, 2024. 

Global Elections

Georgescu's shock victory in the first round of the presidential election reflects a surge in anti-establishment sentiment that could yield similar surprises in Romania's Dec. 1 parliamentary elections.

A Far-Right Dark Horse Emerges in Romania's Presidential Race

Senegal

Voters wait in line outside a voting station in Dakar on Nov. 17, 2024, during Senegal's parliamentary elections.

Senegal's ruling PASTEF party secured a strong parliamentary majority in the Nov. 17 elections, which paves the way for the implementation of its reformist manifesto and the advancement of much-needed fiscal consolidation measures.

What's Next for Senegal After the President's Landslide Victory in Snap Legislative Elections

Austria

A view of the Gas Connect Austria natural gas distribution hub stand at Baumgarten an der March, Austria, on Nov. 16, 2024.

Energy

A muted market reaction to disrupted gas supply in Austria signals Europe's preparedness for a likely cut-off of Russian gas in the coming months.

Markets Shrug Off Russia's Gas Cut-Off to Austria

United Kingdom

Ukraine

Debris lies in the courtyard of a damaged house following a missile attack at an undisclosed location in Ukraine's Odesa region on Nov. 17, 2024.

Russia-Ukraine Conflict

The U.S. decision to allow Ukraine to strike deeper into Russia with ATACMS missiles signals a policy shift but is unlikely to change the war's trajectory.

U.S. Greenlights Limited Ukrainian Strikes Inside Russia with Long-Range Missiles

Israel

The Iranian capital of Tehran. An Israeli attack on a previously undisclosed active Iranian nuclear weapons research facility demonstrates that Iran is trying to reduce the timeline to develop nuclear weapons.

U.S.-Iran Relations

The Israeli attack on a previously undisclosed active Iranian nuclear weapons research facility demonstrates that Iran is trying to reduce the timeline to develop nuclear weapons.

Israel's October Strike on an Iranian Nuclear Facility Indicates More Strikes Ahead

Japan

Japanese Prime Minister Shigeru Ishiba speaks during a press conference in Tokyo on Nov. 11, 2024.

While Ishiba is unlikely to leave office anytime soon, Japan's new minority government will impede domestic policymaking, which could fray U.S.-Japan ties if defense spending reforms are delayed.

Japan's PM Ishiba Survives To Struggle Another Day

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