Bulgaria To Stop Sending Military Aid to Ukraine

China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers Beijing is reversing its curbs on refined fuel exports after halting shipments in the opening days of the U.S.-Iran conflict. This move suggests that Chinese domestic inventories are now at comfortable levels, allowing state refiners to reopen the export spigot, even as much of Asia remains gripped by a fuel shock caused by disrupted Gulf energy flows through the Hormuz chokepoint. There was chatter earlier this week that China's state-owned refiners were applying for government permits to resume fuel exports...

The US Spends More On 'Defense' Than The Next 8 Countries Combined For the first time on record, the top 15 military spenders allocated more than $2 trillion to defense in 2025. Total global defense spending also reached a record $2.6 trillion, signaling a major shift in geopolitical priorities. Using data from the International Institute for Strategic Studies, this visualization, via Visual Capitalist's Dorothy Neufeld, ranks the 15 countries driving this surge in military spending. While the U.S. still operates on an entirely different scale, the biggest shift is happening in Europe, where countries...

Diplomats speaking with the Financial Times said Saudi Arabia has been discussing developing a mutual defense pact among Gulf Arab states and Iran.  Two Western diplomats told FT that the framework for the pact would resemble the 1970s Helsinki Process. The 1975 agreement reduced tensions in Europe by increasing trade.  The proposal from Riyadh comes […]