Mexico

Europe

Economics

Mexico and the European Union will sign a Modernised Global Agreement and Interim Trade Agreement on May 22 at the eighth EU-Mexico Summit in Mexico City, La Jornada reported.

Europe, Mexico: EU-Mexico Deals To Facilitate Investments, but Significant Trade Diversification Unlikely  

Democratic Republic of the Congo

Rwanda

Uganda

Environment, Science & Technology

An expanding Ebola outbreak in the northeastern Democratic Republic of the Congo has prompted neighboring Uganda to halt all flights and public transport to and from the country, as well as suspend weekly markets in western Uganda, though cross-border transport of goods remains permitted, Bloomberg reported May 22.

Congo: Growing Ebola Outbreak Prompts Uganda To Restrict Travel

United States

Iran

Israel

Saudi Arabia

Energy

Military & Security

U.S. Secretary of State Marco Rubio said there were "good signs" a deal could be reached with Iran, though he rejected Tehran tolling ships transiting the Strait of Hormuz, the Financial Times reported May 21. 

U.S., Iran: Rubio Suggests 'Good Signs' for Deal, but Sticking Points Remain

U.S.-Iran Relations

Middle East and North Africa

Politics

The latest U.S. negotiation proposal has "narrowed the gaps" between U.S. and Iranian demands, though some gaps remain, according to the Iranian Students' News Agency cited by Bloomberg on May 21.

U.S., Iran: Iranian Media Says Latest U.S. Proposal 'Narrows Gaps'

Indonesia

Indonesian President Prabowo Subianto laid out new regulations before parliament to centralize exports of strategic natural resource commodities through PT Danantara Sumber Daya Indonesia, a new state-owned company under the executive branch-run sovereign wealth fund Danantara, Reuters reported May 20.

Indonesia: Government Follows Through on Heavy-Handed Commodity Export Oversight

Bahrain

Kuwait

Oman

Qatar

United Arab Emirates

United Kingdom

The Gulf Cooperation Council and the United Kingdom signed a free-trade agreement (FTA) that, according to some estimates, could add $5 billion per year to the U.K. economy over the long term, the Financial Times reported May 20.

Global: GCC and the U.K. Sign Free Trade Agreement

Kenya

Kenyan public transport operators suspended a nationwide strike for one week after the government agreed to talks on fuel pricing following a 23.5% rise in diesel prices in May and a 24.2% increase in April, AP reported on May 19.

Kenya: Fuel Strike Suspended After Deadly Nationwide Protests as Government Opens Talks

Japan

South Korea

On the first day of Japanese Prime Minister Sanae Takaichi's May 19-20 summit with South Korean President Lee Jae Myung in Andong, South Korea, the two signed a deal to cooperate on the supply and stockpiling of crude oil, liquefied natural gas and petroleum products, as well as on swap agreements for the same, Reuters reported on May 19.

Japan, South Korea: Leaders Pass Energy Cooperation Deal

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant economics analyses.

Below are our latest and most relevant economics analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Eurasia

South Asia

Beyond Quantitative Easing

The New Silk Road

The Fate of the Eurozone

South America: Split Decisions on Trade

Banking

Commodities: A Cautionary Tale

Social Issues

European Disintegration

Russia's Internal Struggle

China in Transition

A Japanese Awakening

East African Integration

Assessments

Lebanon

Philippines

Armenia

Kazakhstan

Russia

India

A cargo ship anchored May 16 in the Strait of Hormuz near Larak Island, Iran. Major gaps in negotiations over the Strait of Hormuz and Iran's nuclear program persist, and the U.S.-Iran ceasefire will remain fragile over the next week.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Rubio Visits India, a Fragile U.S.-Iran Ceasefire

Cuba

Acting U.S. Attorney General Todd Blanche (center) speaks during a news conference announcing the indictment of former Cuban president Raul Castro, at the Freedom Tower in Miami, Florida, on May 20, 2026.

Recent U.S. escalations against Cuba are creating a pretext for kinetic action, most likely a targeted operation to capture key officials, though an airstrike campaign and/or a ground deployment also remain possible.

Assessing the Potential for U.S. Military Action in Cuba

Greenland

Denmark

U.S. special envoy to Greenland, Republican Louisiana Governor Jeff Landry (center right), and Greenlandic mason and Trump supporter Jorgen Boassen (center left) are pictured in Nuuk, Greenland, on May 20, 2026, on the sidelines of the Future Greenland business fair. 

Ongoing talks with Greenland and Denmark will likely yield a deal that meets most U.S. objectives without requiring formal annexation, though a broader transatlantic crisis remains possible if negotiations collapse.

Can the U.S. Reach a Compromise on Greenland That Averts a Transatlantic Crisis?

Snapshots

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

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?

Palestinian Territories

Germany

Slovenia

Spain

Ireland

Hungary

The EU and Israeli flags in March 2024 in central Berlin's Rotes Rathaus. Although the European Union has sanctioned extremist Israeli settlers, deep-seated internal divisions and a reliance on Israeli defense systems will likely prevent the bloc from imposing comprehensive trade restrictions.

Israel-Hamas Conflict

Although the European Union has sanctioned extremist Israeli settlers, deep-seated internal divisions and a reliance on Israeli defense systems will likely prevent the bloc from imposing comprehensive trade restrictions.

Targeted EU Sanctions on Israeli Settlers Unlikely To Broaden Into Wider Restrictions 

Ukraine

A view taken on Dec. 13, 2023, shows pumping units at the grounds of a fuel tank farm of Russia's oil pipeline giant Transneft.

Russia-Ukraine Conflict

The intensifying drone strikes are unlikely to trigger an oil sector crisis or alter Moscow's war calculus, but they will financially drain Russian oil companies, even as high prices buoy the Kremlin's revenues.

Assessing the Impact of Ukrainian Strikes on Russia's Oil Sector

Egypt

Jordan

Syria

Turkey

Yemen

Right-wing activists gather with Israeli flags outside the Damascus Gate of the walled Old City of Jerusalem on May 26, 2025, during a flag march for Jerusalem Day, commemorating the Israeli army's 1967 capture of the city's eastern sector during the Arab-Israeli war.

Israel's quest for middle-power status will be defined by its ability to unify its Jerusalem core, which has remained divided throughout the modern state's history.

The Modern Geopolitics of Israel

The Geopolitics of Demographics

Gulf states' push to employ more local citizens in the private sector will help advance their economies and reduce public wage bills, but it will also create new risks for businesses that have traditionally relied on cheap foreign labor.

The Future of Work in the GCC: Localization, Competition and Business Risks

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.

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

U.S.-China Relations

Uzbekistan

Tajikistan

Turkmenistan

Afghanistan

Pakistan

Afghan protesters burn a Pakistani flag during a demonstration in Helmand Province in 2016.

Gains from the Afghan Taliban's growing regional ties will be hindered by enduring disputes, logistical constraints, infrastructure security risks, and Pakistan's possible absence from future multilateral engagements.

How the Afghan-Pakistani Conflict Is Redrawing Regional Relations

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

Commercial vessels are seen offshore in Dubai on March 11, 2026.

While recent revelations about the airstrikes indicate a shift in both countries' risk calculations, the UAE's hawkish, Israel-aligned posture poses a greater threat of Iranian retaliation than Saudi Arabia's more restrained approach. 

The UAE and Saudi Arabia Enter the War Against Iran, but With Separate Strategies

Economics

SITUATION REPORTS

Europe, Mexico: EU-Mexico Deals To Facilitate Investments, but Significant Trade Diversification Unlikely

Congo: Growing Ebola Outbreak Prompts Uganda To Restrict Travel

U.S., Iran: Rubio Suggests 'Good Signs' for Deal, but Sticking Points Remain

U.S., Iran: Iranian Media Says Latest U.S. Proposal 'Narrows Gaps'

Indonesia: Government Follows Through on Heavy-Handed Commodity Export Oversight

Global: GCC and the U.K. Sign Free Trade Agreement

Kenya: Fuel Strike Suspended After Deadly Nationwide Protests as Government Opens Talks

Japan, South Korea: Leaders Pass Energy Cooperation Deal

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