United States

Israel

Saudi Arabia

Energy

Politics

In a July 23 Truth Social post, U.S. President Donald Trump declared that the United States' civil nuclear deal with Saudi Arabia would be contingent on the country joining the Abraham Accords and would not allow Saudi Arabia to enrich uranium.

U.S., Saudi Arabia: Trump Announces Apparent Changes to Civilian Nuclear Deal

Eritrea

Ethiopia

Sudan

Egypt

Economics

Environment, Science & Technology

Military & Security

Egyptian Foreign Minister Badr Abdelatty accused Ethiopia of causing a reduction in downstream water levels on the Blue Nile in Sudan due to its unilateral operation of the Grand Ethiopian Renaissance Dam, Anadolu reported on July 22.

Nile Basin: Egypt, Sudan Slam Ethiopia Over Renaissance Dam's Unilateral Water Retention

Iran

In a July 22 Truth Social post, U.S. President Donald Trump said the U.S. military would strike Iranian bridges and power plants in response to Iranian attacks against commercial vessels.

U.S., Iran: Trump and Iran Trade Threats Against Infrastructure

U.S.-Iran Relations

U.S. President Donald Trump has formally approved a deal between the United States and Saudi Arabia that will help the Middle Eastern country develop a civilian nuclear program, and U.S. Energy Secretary Chris Wright is expected to sign it on July 22, The Wall Street Journal reported on July 21.

U.S., Saudi Arabia: Nuclear Deal Opens the Door to Future Saudi Uranium Enrichment

Germany

Azerbaijan

Azerbaijani President Ilham Aliyev and German Chancellor Friedrich Merz signed a joint declaration establishing a strategic bilateral agenda and a separate agreement creating an Azerbaijan-Germany Business Council in Berlin, AZERTAC reported on July 21. 

Azerbaijan, Germany: Strategic Agenda Will Deepen Energy and Transit Ties

China

Papua New Guinea

Taiwan

Taiwan's Foreign Minister Lin Chia-lung said the ministry had convened a meeting to discuss Taiwan's response options to Papua New Guinea's potential closure of a Taiwan trade office, the Taipei Times reported on July 19.

Taiwan, Papua New Guinea: Taipei Threatens To Stop LNG Purchases Over Trade Office Dispute

Cote d'Ivoire

Niger

Nigeria

Senegal

Algeria

Morocco

The heads of state of members of the Economic Community of West African States, or ECOWAS, signed an intergovernmental agreement backing the $25 billion African Atlantic Gas Pipeline, or AAGP, according to a July 19 joint statement from Morocco's state-owned National Office of Hydrocarbons and Mines, or ONHYM, and Nigeria's state-owned Nigerian National Petroleum Co., or NNPC.

Morocco, West Africa: ECOWAS Signs Agreement for $25B African Atlantic Gas Pipeline Project

Iranian state media said the United States military had attacked bridges, a railway junction and a control tower at the Chabahar port, AP reported on July 17.

U.S., Iran: U.S. Targets Iranian Civilian Infrastructure, Iran Retaliates Proportionately

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

Below are our latest and most relevant energy analyses.

Sub-Saharan Africa

Americas

Asia-Pacific

Europe

Eurasia

Middle East and North Africa

South Asia

The Libyan Civil War

The Fight Against the Islamic State

The Politics of Pipelines

_Energy

Nigeria: Obstacles to Prosperity

The Battle for Mosul

A Crude Recovery

Broken Contracts in the Middle East

Russia's Internal Struggle

East African Integration

Snapshots

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. 

Israel-Hamas Conflict

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

Assessments

Argentina

Bolivia

Brazil

Chile

Colombia

Ecuador

Guyana

Peru

Venezuela

Pilgrims with flags from different countries gather at Copacabana beach in Rio de Janeiro, Brazil, on July 23, 2013, as they wait for the official opening of the Catholic Church's World Youth Day, which will be celebrated with a holy Mass. 

As many South American countries embrace right-leaning governments, their policies will increasingly align with those of the U.S. Trump administration, opening them to increased security cooperation, although economic integration remains unlikely.

What South America's Rightward Political Shift Means for U.S. Relations

Ukraine

Russia

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

Russia-Ukraine Conflict

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

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

Cyber

Social Issues

A fragile truce in the Middle East, persistent energy-driven inflation, shifting U.S. trade policy and escalating regional pressures from Europe to Africa will collectively shape geopolitical risk in the third quarter.

2026 Third-Quarter Forecast: An Excerpt

Lebanon

Oman

Maps4media-processed Sentinel-2 satellite imagery shows a broad overview of the Strait of Hormuz on June 16, 2026.

U.S.-Iran talks will face increasingly large obstacles as negotiators approach more contentious topics, namely Iran's nuclear program.

For the U.S. and Iran, the Hardest Negotiations Lie Ahead

Bahrain

Kuwait

Qatar

United Arab Emirates

U.S. Secretary of State Marco Rubio (C, top) meets with GCC foreign ministers during his visit to the Middle East to discuss with Arab Gulf allies the interim deal between the U.S. and Iran on June 25 in Manama.

While Qatar and Saudi Arabia explore restoring trade ties with Iran, the United Arab Emirates is aligning its security with Israel and the United States.

Divergent Approaches to Iran Expose Gulf Arab Splits

Abelardo de la Espriella, who has since been declared president-elect, waves to supporters after casting his vote during the runoff election on June 21, 2026, in Barranquilla, Colombia. 

De la Espriella's administration will reverse many of the outgoing government's security, economic and social policies, restoring a hard-line anti-crime approach and deepening ties with the United States.

What de la Espriella's Victory Means for Colombia

Venezuela's acting President Delcy Rodriguez speaks with journalists following a session at the International Court of Justice (ICJ) regarding the Essequibo region in The Hague on May 11. 

Risk-tolerant investors stand to benefit from unprecedented regulatory changes and direct resource access, but face the risk of reforms being unwound by a future Venezuelan government.


Venezuela's Outlook and Implications for Strategic Sectors, 6 Months After Maduro's Capture

The Council of the National Assembly, Algeria's primary legislative body, is seen in Algiers.

Upcoming elections are unlikely to change the pro-president composition of Algeria's lower house, making significant policy change or reforms unlikely.

Algeria's Parliamentary Elections Will Yield Policy Continuity

An Iranian woman walks past a mural depicting Iran and the United States at the negotiation table, painted on the outer walls of the former U.S. embassy in Tehran, on Feb. 6, 2026.

While the deal will reduce the immediate threat of renewed conflict, shipping through Hormuz will likely resume only gradually amid the risk that talks stall, flare-ups resume and vessels face renewed harassment.

U.S.-Iran Deal Pauses Conflict, but the Path to Peace Remains Fraught

Columns

On Geopolitics

A 3D satellite-style visualization of the Strait of Hormuz in the Persian Gulf.

As the Iran war drags on, the Strait of Hormuz is increasingly likely to remain closed for an extended period.

Will the Strait of Hormuz Remain Closed Until 2027?

Energy

SITUATION REPORTS

U.S., Saudi Arabia: Trump Announces Apparent Changes to Civilian Nuclear Deal

Nile Basin: Egypt, Sudan Slam Ethiopia Over Renaissance Dam's Unilateral Water Retention

U.S., Iran: Trump and Iran Trade Threats Against Infrastructure

U.S., Saudi Arabia: Nuclear Deal Opens the Door to Future Saudi Uranium Enrichment

Azerbaijan, Germany: Strategic Agenda Will Deepen Energy and Transit Ties

Taiwan, Papua New Guinea: Taipei Threatens To Stop LNG Purchases Over Trade Office Dispute

Morocco, West Africa: ECOWAS Signs Agreement for $25B African Atlantic Gas Pipeline Project

U.S., Iran: U.S. Targets Iranian Civilian Infrastructure, Iran Retaliates Proportionately

Forecasts

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