Off Leash Intel · loading
11 direct mentions across 11 briefings, with 12 linked developments.
Latest linked intelligence
Iranian Foreign Minister Abbas Araghchi communicated with counterparts in Saudi Arabia, Turkey, and Oman and called Pakistani army chief Field Marshal Munir. The outreach indicates Iranian moderates are seeking de-escalation.
Assessment development · updated through
Iranian Foreign Minister Abbas Araghchi communicated with counterparts in Saudi Arabia, Turkey, and Oman and called Pakistani army chief Field Marshal Munir. The outreach indicates Iranian moderates are seeking de-escalation.
Open source reportGeography
Marker precision is disclosed on selection. Country and regional centroids show geographic scope, not an exact incident site.
Abbas Araghchi dossier
9 mapped developments across 5 map positions. Centroid markers show geographic scope, not an exact incident site.
Oman
Washington's immediate objective was to move beyond Iran's preferred indirect format; U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi met directly for 45 minutes.
Approximate map position: country centroid. The extracted place did not have provider-resolved coordinates.
Chronology
Off Leash update 10 July 2026 IRAN •The U.S. and Iran were due to resume talks towards a lasting peace deal today - now that Iran has laid late Supreme Leader Ayatollah Ali Khamenei to rest - but they're busy exchanging fire instead of words. •Yesterday, Iran targeted Bahrain, Kuwait, Jordan, and Qatar in its largest barrage yet this week, and the U.S. reportedly struck a site near Iran's only nuclear power plant at Bushehr. •In the background, Iran's Foreign Minister, Abbas Araghchi - a relative moderate - wrote on X that he's been speaking with his counterparts in Saudi Arabia, Turkey, and Oman; and had also called Pakistani army chief Field Marshal Munir, who has been one of the main mediators between Iran and the U.S. Araghchi's diplomatic outreach suggests that moderates like him are seeking an off ramp even as hardliners escalate their aggressive rhetoric. •The hardliners feel that the U.S. has taken advantage of an interim ceasefire to chip away at Iran's negotiating leverage while boosting its own position - e.g., by tasking Lebanon with reining in Hezbollah instead of offering Iran a concession in exchange for taming its proxy. CHINA •The China Aerospace Science and Technology Corporation launched a Long March 10B rocket earlier today and - for the first time - recovered the first stage. •First stage recovery is a technique that SpaceX pioneered to make its rockets (partly) reusable - and thus far cheaper to launch. That cost efficiency has enabled SpaceX to become dominant in the space cargo market: it now accounts for 80-90% of all Earth-to-space payload. •China aims to challenge that dominance now that it, too, can recover first stages. UK •Former Greater Manchester Mayor Andy Burnham secured the support of 322 of his Labour party's 403 MPs, putting him just one vote short of the 323 votes he needs to decisively win his party leadership bid. Burnham is running unopposed and is likely to secure that final vote - and his party's leadership - next week. As a result, he'll become the UK's next prime minister on July 20. •Meanwhile, populist leader Nigel Farage must wish he, too, was running unopposed. Instead, he faces Count Binface - a man in a trash can costume who claims to be an intergalactic warrior - in the snap special election Farage called last month to let voters judge him on accusations of impropriety. MALI •A motley coalition of Al Qaeda-linked Jama'at Nusrat al-Islam wal-Muslimin (JNIM) jihadists and Azawad Liberation Front (FLA) Tuareg separatists attacked a column of over 200 Russian Africa Corps personnel and 100 Malian soldiers near the northern town of Tabankort yesterday. •The Russian contingent was heading to Anefis to reinforce another Russian-Malian fighting force holding out at a military camp in the city of Anefis since the rest of the city fell to JNIM-FLA control in April. •The holdouts are desperate to keep a foothold in Anefis because they hope to use it as a base for an eventual attempt to recapture the regional hub of Kidal from the FLA. That goal will remain elusive as long as the jihadists-rebels have Russian-backed government forces on their back foot.
Open source reportOff Leash update 9 July 2026 IRAN •The U.S. and Iran traded strikes for a second day. The U.S. has struck at least 170 military targets in Iran in the latest flare-up, while Iran said it targeted U.S. bases in Kuwait and Bahrain. •Pres. Trump declared the temporary ceasefire "over," but a return to full-scale conflict is probably the worst of his all-bad options. •He could choose peace, but any ceasefire deal Iran would agree to would be on its terms, leaving Trump with nothing to show for the estimated $113 billion that U.S. taxpayers have spent on the war so far. Trump is more likely to choose an awkward middle option, with a fragile peace punctuated by occasional skirmishes like this week's. •Iran's leaders are conflicted, too. Relative moderates like Pres. Pezeshkian and Foreign Minister Abbas Araghchi favor negotiating peace, but hardliners are blocking their path. This week, supporters of a hardline faction physically attacked Pezeshkian and Araghchi while shouting "death to the appeasers." •Separately, the NYT reported that the masses mourning former Supreme Leader Ayatollah Ali Khamenei were not entirely orchestrated by the government. Many Iranians the visiting journalists interviewed "had come voluntarily to express their grief and, above all, their defiance," and blamed the U.S. and Israel - as opposed to their own repressive leaders - for a war that has made their lives harder. [At least that's what the reporters heard from the Iranians they were allowed to interview through government-provided translators.] UKRAINE •After meeting Pres. Zelensky on the sidelines of the NATO summit in Turkey, Pres. Trump announced that he'd agreed to let Ukraine make its own Patriot missiles. That would make Ukraine the third country - after Germany and Japan - licensed to make Patriots outside the U.S. [Germany is actively producing them; Japan has yet to exercise its license.] •Bloomberg pointed out that it will still take years - and lots of help from one of the two U.S. contractors that make Patriots, RTX and Lockheed Martin - for Ukraine to get a production line up and running. •Lockheed Martin estimates that it will take four years to triple its Patriot production capacity in the U.S., and construction time is likely to stretch far longer under Russian fire in Ukraine. That's why some experts suggested building Ukraine's Patriot factory under NATO's security shield in Poland instead. TRADE •Speaking at the NATO summit in Turkey, Pres. Trump threatened to cut off trade with Spain and its 50 million "hopeless, bad people." •Trump was overall very pleased with the NATO summit and the "tremendous love" he felt there, but he's mad at Spain's leaders for repeatedly refusing his demands to raise military spending and - more recently - refusing to let the U.S. use Spain's bases to support Trump's war in Iran. •It will be hard for the U.S. to make good on Trump's threat. First, the European Union negotiates trade matters as a bloc, and the entire bloc could retaliate against trade actions targeting one of its members. In addition, the U.S. sells more to Spain than it buys from it, so severing trade ties would harm U.S. exporters more than Spanish ones.
Open source reportOff Leash update 3 July 2026 UKRAINE AND RUSSIA •Russia pummeled Kyiv with 74 ballistic missiles and 496 drones overnight, killing at least 27 in what Kyiv mayor (and former heavyweight boxing champion) Vitaly Klitschko called the "most massive attack" on the capital yet, in terms of the number of weapons deployed and locations struck. •The Economist hypothesized that Russia's attack "was probably retribution for Ukrainian drone attacks in June that disabled Moscow’s oil refinery," leaving the Kremlin "angry and frustrated." •Meanwhile, Russian legislator Nina Ostanina boldly accused Pres. Putin's government of concealing the extent of the fuel crisis resulting from Ukraine's long-range strikes on energy infrastructure. •Ostanina claimed that almost one-third of Russia's refineries are now offline, which sounds far more dire than Deputy Prime Minister Alexander Novak's acknowledgement that "certain gas stations" were a little low on fuel. (Ostanina's rare openness wasn't motivated by a desire to spread the truth because it's the right thing to do; rather, she's concerned that voters will punish elected officials like her for misleading them once they learn the truth.) NORDSTREAM •This week, German prosecutors indicted Ukrainian army officer Serhiy Kuznietsov on war crimes charges related to the 2022 sabotage attack on the Baltic Nord Stream pipeline that was set to supply Russian gas to Germany. •In the course of their indictment, prosecutors alleged that Ukrainian "state authorities" ordered the attack and Kuznietsov merely carried it out. •Kyiv certainly had a motive to cut off a key source of its enemy's future war funding. It also had a reason to conceal its state involvement: Germany was and is one of Ukraine's strongest supporters in Europe, and Kyiv wouldn't have wanted to risk antagonizing its backers in Berlin with an attack on a key potential source of German energy. With these new charges, Kyiv will have some explaining to do. VENEZUELA •Venezuela now estimates that last week's twin earthquakes killed over 2,500 people; thousands are still missing. •Emerging reports suggest that interim President Delcy Rodriguez's government has severely botched its response to the disaster. •Residents of the hardest-hit state, La Guaira, say they got no government help until well after the crucial first 48 hours after the tremors. When government responders finally arrived, they did little to help. Residents criticized soldiers for standing around while volunteers dug through rubble, and eyewitnesses reported that four policemen sent into a ruined building to rescue a child came out with bags of U.S. dollar bills instead of a survivor. (Rodriguez implausibly claims that all such negative reports are misinformed and politically motivated.) •The botched response is likely to fuel public resentment of Rodriguez and her feckless government - although, to be fair, Rodriguez inherited a chronically corrupt and inept government and lacked the resources with which to turn it around in the six months she's been in charge. •Many - including The Economist - are calling for the U.S. government, which installed Rodriguez after capturing her predecessor, to step in and help. IRAN •U.S. intelligence suggested that Israel may have been planning to assassinate several of Iran's more pragmatic leaders - including foreign minister Abbas Araghchi and parliament speaker Mohammad Bagher Ghalibaf - this spring as U.S.-Iran peace talks got underway. •The U.S. reportedly asked Israel to refrain from targeting Araghchi or Ghalibaf - both of whom were (and are) deeply involved in nascent negotiations that would certainly have been derailed if one or both of them were taken out. •Separately, the Wall Street Journal reported that U.S. negotiators dangled an offer to unfreeze some of the $100 billion in Iranian funds overseas banks in exchange for Iran's agreement to abandon its plans to charge tolls for ships passing through the Strait of Hormuz. •The offer wasn't rich enough for Tehran, whose negotiators rejected it. Iran's leaders are increasingly convinced that they have the right to profit from traffic through the Strait and are entitled to their frozen funds anyway under the terms of the memorandum of understanding they signed with the U.S. SYRIA •A bombing killed at least nine people at a crowded cafe in central Damascus today. •Saraya Ansar al-Sunnah - a little-known jihadist group - claimed the blast, but Syrian authorities think Islamic State was actually responsible for it.
Open source reportOff Leash update 16 June 2026 IRAN •Vice President Vance revealed that he, Pres. Trump, and Iranian Parliament Speaker Ghalibaf have already e-signed the memorandum of understanding (MoU) agreed to over the weekend. They still plan to sign the real thing on Friday in Geneva before kicking off mediated talks about the next phase of the deal, which is the 60-day period for finalizing a more detailed final agreement including limits on Iran's nuclear programs. •We still don't know what exactly is in the 14-point MoU. That worries some U.S. officials, including Sen. Lindsey Graham (R-SC), who said he is "somewhat concerned that Iran's view of the agreement seems different than what the American negotiating team is claiming." Graham called for the release of the MoU's full text. •U.S. intelligence officials are similarly concerned that Iran's leaders won't be as agreeable in the thornier next phase of negotiations as they were in the course of negotiating this (fairly toothless) MoU. Their misgivings stem from intelligence showing that Iranian officials speak much more critically about the deal and their obligations under it when they discuss it amongst themselves than they do in front of mediators or media. ISRAEL •Even if U.S.-Iran negotiations on a final deal go smoothly, there's a risk that Israel could scupper the truce if it fails to comply with what Iranian Foreign Minister Abbas Araghchi says is a condition of Iran's agreement to a deal: Israel's full withdrawal from Lebanon, including the south. •Yesterday, Israeli Prime Minister Netanyahu defiantly vowed to keep forces in southern Lebanon "for as long as necessary." •Netanyahu is stuck in a quandary of his own making. He staked his political future on a hardline security policy focused on confronting Iran, and is now being asked by his country's only real ally - the U.S. - to back down, leaving Iran's regime in an arguably stronger position than it was pre-war. •He seems to be gambling that Iran will be willing to overlook a continued Israeli presence in Lebanon and won't scrap the U.S. peace deal over it. But he also seems to have calculated that the peace deal wouldn't survive an escalation in Israeli strikes on Iran and its proxies. •Netanyahu reportedly called off what Maj. Gen. Omer Tischler called a "broad strike sortie" on hundreds of Iranian targets last week - just one hour before the jets were due to take off, and after Netanyahu's tense phone call with Pres. Trump, in which Trump warned him against escalation. UKRAINE •G7 leaders met for a working session on Ukraine yesterday. Pres. Trump expressed hope that "maybe we could do something" about the war during the session, but the summit achieved no breakthroughs. •Pres. Zelensky, who also attended the G7 meeting, claimed that he proposed peace talks with Russia but Pres. Putin was "not ready." •Separately, the European Union (EU) formally launched the first stage of accession negotiations with Ukraine. •The process was delayed for two years because of former Hungarian Prime Minister Viktor Orban's opposition to Ukrainian accession. •Orban's successor, Peter Magyar, still has concerns about how Kyiv treats its ethnic Hungarian minority, but he gave the green light for accession talks to proceed in exchange for Ukraine's commitment to strengthen ethnic Hungarians' rights. •Hungary's Magyar suggested it could take over a decade for Ukraine to achieve full EU member status. That's likely an overestimate, but - given glacial EU bureaucracy - it seems more realistic than the EU's hyperambitious target of welcoming Ukraine into the bloc as early as 2027.
Open source reportOff Leash update 6 May UKRAINE •Ukraine and Russia both agreed to a ceasefire, but - in an indication of how much they mistrust each other - they agreed to separate ceasefires. •Ukraine's open-ended ceasefire started late yesterday and will last as long as Russia reciprocates, and Russia's - which was announced along with a threat of a "massive missile strike" if Ukraine doesn't comply - will start Friday. •Kyiv has already accused Russia of violating its ceasefire on the front lines, but hasn't torn up the truce yet. IRAN •Pres. Trump announced he was pausing "Project Freedom" - his plan to escort commercial vessels through the Strait of Hormuz - after just one day and three escorted transits, citing "great progress" that the U.S. and Iran are making towards a deal. •More likely, Project Freedom was making less progress than Trump had hoped, and Pakistani mediators convinced him it was counterproductive. Instead of freeing up shipping traffic in the Strait, the challenge of military escorts incited Iranian retaliation via small boat attacks. Only two or three escorted boats transited the Strait on Monday, and around 1,600 more remain trapped to the west. •Iran also seemed eager to de-escalate in a way that allows it to save face and claim victory. Its Speaker of Parliament claimed that a "new equation of the Strait of Hormuz is being stabilized." CHINA •Iran's Foreign Minister, Abbas Araghchi, visited Beijing for talks with his Chinese counterpart, Wang Yi. It was their first in-person meeting - and Araghchi's first visit to China - since the war began, but Araghchi and Wang have spoken by phone three times since Feb. 28. •That's probably more than Araghchi has spoken with officials from any other country except those directly mediating between the U.S. and Iran. While it wasn't directly involved in mediating the current temporary ceasefire between the U.S. and Iran, Beijing reportedly helped nudge Tehran to accept it. •The timing of Araghchi's visit - just one week before Pres. Xi hosts Pres. Trump - suggests Iran may hope Xi can again intercede as an unofficial mediator. TAIWAN •Taiwan's President Lai Ching-te defied Beijing's bullying and paid a visit to Taiwan's sole remaining ally in Africa, Eswatini (fka Swaziland). •Beijing had sought to block Lai's trip by ordering other African countries to deny his aircraft use of their airspace, but Lai bypassed the prohibition by flying in on an Eswatini government aircraft instead of his own. Beijing likened the clever workaround to "a rat scurrying across the street." ROMANIA •Romania's pro-European coalition government fell in an overwhelming no-confidence vote against Prime Minister Ilie Bolojan, who came to power less than a year ago as part of a motley coalition that has since broken down over Bolojan's proposed austerity measures. •President Nicusor Dan appealed for calm and promised a new, pro-Western government "within a reasonable time," while ruling out early elections. SYRIA •Syria said its security forces foiled a major terrorist attack that Lebanese Hezbollah militants were planning to carry out in coordinated operations targeting at least five different Syrian governates. •Hezbollah supported the deposed Assad regime's losing side in Syria's civil war, and has continued to agitate against the new government and its ex-rebel leaders in revenge for their efforts to cut off the smuggling routes Iran uses to supply its Lebanese proxy.
Open source reportOff Leash update 28 April IRAN •Iran proposed a new plan to the U.S. via regional mediators. This one dodges the intractable nuclear questions that dogged prior proposals by postponing nuclear negotiations, and focuses instead on ending both blockades of the Strait of Hormuz. •Pres. Trump is reportedly not satisfied with Iran's proposal, which would be hard for him to sell as a win. It fails to resolve two key objectives of his war - barring Iran from future nuclear enrichment and doing away with its stockpile of already-enriched uranium - and only fixes Hormuz shipping, which wasn't broken before the war. RUSSIA •Iran's busy Foreign Minister, Abbas Araghchi, continued his diplomatic tour with a visit to Moscow to discuss the ongoing war with Pres. Putin. •Putin has given Iran limited intelligence and military support, but he doesn't want to upset Israel, Gulf states, or Pres. Trump by overtly siding with Iran. •To that end, he offered Araghchi some nice compliments about how "courageously and heroically the people of Iran are fighting for their independence and for their sovereignty," but reportedly brushed off Araghchi's request to intercede with Pres. Trump to accept the plan Iran proposed for ending blockades. LEBANON •Israel and Hezbollah continue to trade near-daily strikes, though fighting has been largely constrained to the south until yesterday, when Israel struck targets in Hezbollah's stronghold in the eastern Bekaa Valley. •Hezbollah's leader, Naim Qassem, issued a defiant written statement declaring that the militant group will not "relinquish its weapons or its defenses" and demanding that the Lebanese government stop negotiating with Israel on Hezbollah's behalf. •Israel's Defense Minister, Israel Katz, angrily accused Qassem of "playing with fire…[that] will burn Hezbollah and all of Lebanon" and criticized the Lebanese government for failing to rein in or disarm the militants, who vastly outmuscle the weak Lebanese military. MALI •As the dust settles on the weekend's coordinated attacks by al Qaeda-linked Jama'at Nusrat al-Islam wal-Muslimin (JNIM) and the Tuareg-led Azawad Liberation Front (FLA), it's becoming apparent that the vast assault shook Mali's government deeply. •Defense chief Gen. Sadio Camara wasn't the only high-ranking casualty. Two other senior junta figures - third-in-command Gen. Modibo Koné and military chief of staff Oumar Diarra - were badly injured and taken to heavily-guarded hospitals, where Koné reportedly died of his wounds. •Junta leader / President Assimi Goita was rushed to a secure location as the attacks began, and hasn't been heard from since. His silence is adding to concerns that his government may not survive for long. •JNIM and the FLA aren't necessarily trying to topple Goita's government and probably don't want to control Mali. Rather, they likely prefer to force concessions from the wounded regime: JNIM wants Goita to call off counterinsurgency operations against it, and the FLA seeks more autonomy - and perhaps eventually independence - for northern Tuaregs. •Emerging reports suggest that JNIM now controls Kidal, and JNIM / FLA fighters are entrenched around the cities of Mopti, Sevaré, and Gao awaiting orders that will depend on how the government responds to their demands. DRC •DRC's General Inspectorate of Mines (IGM) announced a new paramilitary "mining guard" to secure critical mineral mining sites and transport routes. •The IGM aims to eventually recruit 20,000 guards for a six-month training program before gradually deploying them to 22 mining provinces, starting with the first 2,500 to 3,000 that will deploy to Katanga in December. •Investment partnerships with the U.S. and UAE will help fund the $100 million guard program, which is essentially a downpayment on fostering a security environment that American and Emirati firms can trust to protect their future investments in DRC's mineral sector. PAKISTAN AND AFGHANISTAN •Unsurprisingly, the fragile, China-mediated truce that Pakistan and Afghanistan agreed to last month is breaking down. •Afghanistan's Taliban government accused Pakistan of targeting a university in Kunar with mortar and rocket strikes that killed seven and wounded 85. •Pakistan's military denied the accusation that it targeted a university as "a blatant lie" and said its targeting is always "precise and intelligence-based." It did not deny the strike or say what its real target was.
Open source reportOff Leash update 27 April COMING UP THIS WEEK •The UK's King Charles and Queen Camilla are on a state visit to the U.S. this week. The most consequential part of their tour will be Charles's meeting with Pres. Trump and his address to the U.S. Congress on Tuesday. In both, he'll aim to repair the strained "special relationship" between the U.S. and UK. •The UN begins its five-yearly Nuclear Non-Proliferation Treaty Review Conference this week in Geneva, but it's hard to see why they bother: no review since 2010 has led to an agreed outcome. •Friday is May Day or Workers' Day - except in the U.S. and Canada, where workers are celebrated in September. •Central bankers in the U.S., UK, EU, and several other countries will all announce interest rate decisions this week. Investors expect all except perhaps Japan to keep rates flat. COMMODITY AND COIN MARKET PRICES •Aluminum: $3,591/ton •Antimony (global avg.): $34,645/ton •Bitcoin: $77,629 •Cobalt: $56,290/ton •Copper: $13,310/ton •Ethereum: $2,319 •Gold: $4,710/toz •Lead: $1,963/ton •Natural Gas (Nymex): $2.51/MMbtu •WTI Crude Oil (Nymex): $96.16/barrel •Zinc: $3,472/ton MALI •Jihadists from the al Qaeda-linked Jama'at Nusrat al-Islam wal-Muslimin (JNIM) joined forces with the Tuareg separatist-led Azawad Liberation Front (FLA) to launch a wave of attacks across Mali that captured several towns and killed the junta's defense minister, Gen. Sadio Camara. •The FLA reportedly led the attacks on Gao and Kidal in the north - where they seek to carve out an independent ethnic Tuareg state - while JNIM led attacks on Bamako and central cities like Sevare and Mopti. •A separate prong of their joint assault targeted the head of the junta, Gen. Assimi Goita, but Goita was moved to a secure location where he survived unscathed. •The FLA reportedly bested Russian mercenaries in Kidal and took control of the city after the Russians agreed to withdraw. The FLA then called on Russia to "reconsider its support for the military junta" and leave Mali altogether, accusing the Russians of having "contributed to the suffering of the civilian population." •While JNIM and the FLA share a mutual loathing for the junta-led government in Bamako, this is the first time they've teamed up on a vast, coordinated attack or jointly called for Russia's departure. •It's not clear what their end game is or whether they agree on a shared objective. The FLA wants Tuareg independence, while the JNIM wants to become a political entity and impose sharia law throughout Mali. If they do succeed in bringing down the junta-led government they both revile - which seems unlikely - they would be awkward co-rulers. IRAN •The U.S. and Iran are in no hurry to start a second round of direct peace talks, but both are reportedly engaging indirectly through Pakistani and Omani mediators. •While they stall, the war is costing the U.S. almost $1 billion per day. •Iran, meanwhile, is devising ways to profit from its control of the Strait of Hormuz. Iranian Foreign Minister Abbas Araghchi flew to Oman yesterday to seek Muscat's help in setting up a new tolling system for the Strait. Oman - which prides itself on being a "friend to all" - will likely politely decline to participate. ISRAEL •Former Israeli prime ministers Naftali Bennett and Yair Lapid announced plans to merge their parties - Bennett's right-leaning Bennett 2026 and Lapid's centrist Yesh Atid - into a combined entity aptly named Yachad ("together," in Hebrew) to try to unseat Prime Minister Netanyahu in elections expected later this year. •There's a fair chance they could succeed: it was a Bennett-Lapid partnership that temporarily ousted Netanyahu in 2021, and Netanyahu's motley coalition is more fragile now than it was then. DEFENSE SPENDING •The Stockholm International Peace Research Institute (SIPRI) published its annual report on global defense spending today, with a headline that total worldwide military expenditure grew for an 11th straight year to $2.89 trillion. •Just over half of that - $1.48 trillion - came from the top three spenders: the U.S., China, and Russia. U.S. spending actually declined slightly, but Europe's 14% increase made up for the U.S. decrease. •You can read more here: https://t.co/qWV5aVJhgm. SPORT •Kenyan runner Sabastian Sawe became the first person to run a sub-two hour legal marathon when he set a new world record - 1h59m30s - at yesterday's London Marathon. •It was a fast race: the second-place finisher - Ethiopia's Yomif Kejelcha - also finished in under two hours, and the women's winner - Tigst Assefa, also of Ethiopia - broke her own women's world record with a time of 2h15m41s.
Open source reportOff Leash update 24 April IRAN •The NYT published an excellent report describing how the war has shifted power in Iran from the powerful late Ayatollah Ali Khamenei to a group of Islamic Revolutionary Guards Corps (IRGC) generals who are now calling the shots. •Pres. Trump has called Iran's new leaders "much more reasonable" than the clerics who imposed the previous Supreme Leader's dictates, and in some ways they are. They're more focused on economic interests than theocratic ones, which makes them more open to the kind of deal Trump can agree to. But their grasp of geo-economic power is also what emboldens them to wield it - for example, by choking off the Strait of Hormuz. •It was reportedly the Guards who decided not to attend a second round of peace talks in Islamabad. Their voices prevailed over those of Iran's President, Masoud Pezeshkian, and Foreign Minister, Abbas Araghchi, who both favored joining talks. Pezeshkian and Araghchi have been seemingly sidelined as the Guards assumed control of the war. •Separately, Pres. Trump has reportedly asked FIFA - which awarded him its inaugural Peace Prize last year - to disqualify Iran from this summer's World Cup and replace it with Italy, which failed to qualify for the tournament. Italy's sports minister said the pity invite would be "inappropriate," adding: "Qualification is on the pitch." Italian fans largely agree. LEBANON •Israel and Lebanon agreed to extend their 10-day truce by a further three weeks. •Like the initial deal, this agreement was brokered and announced by Pres. Trump, who again cajoled reluctant Israeli Prime Minister Netanyahu into accepting it. •Also as in the first deal, Lebanon - which is not fighting Israel - signed a truce with Israel on behalf of Hezbollah, and can do little to ensure that Hezbollah respects a truce it didn't agree to. [It bears mention that - except for some skirmishes in the south - Hezbollah has mostly respected the ceasefire so far. It has used the reprieve as an opportunity to bury its dead.] VENEZUELA •Venezuela's Acting President, Delcy Rodriguez, announced an end to the amnesty law her government enacted in February under pressure from the U.S. •Rodriguez said 8,616 people had been freed from Venezuelan prisons in the three months the measure was in effect, but rights groups say the true figure was closer to 700. •In addition, most of the political prisoners the U.S. wanted released or exonerated were expressly excluded from the amnesty, and 473 of them are still in prison or have been reincarcerated. •Rodriguez's government still wants to add opposition leader Maria Corina Machado - who faces treason charges that have deterred her return to Venezuela - to that count. •Rodriguez obliquely noted that "there are other avenues through which [the excluded cases] can be addressed," but declined to add detail and doesn't seem serious about addressing them. •Rodriguez especially won't want to facilitate Machado's return to Venezuela, where Machado remains popular and a threat to Rodriguez's unelected regime.
Open source reportOff Leash update 30March COMING UP THIS WEEK •Wednesday is April Fools' Day and - perhaps relatedly - Edible Book Day. •It's also the 50th anniversary of Steve Jobs and Stephen Wozniak founding Apple Computers. •This is Holy Week for western Christians. Friday is Good Friday (U.S. and EU markets are closed), followed by Easter on Sunday. EU markets are also closed for Easter Monday next week. •OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria, and Oman - meet Sunday to set output targets for May. COMMODITY AND COIN MARKET PRICES •Aluminum: $3,296/ton •Antimony (trioxide min. 99.65% fob China): $30,950/ton •Bitcoin: $67,471 •Cobalt: $56,290/ton •Copper: $12,195/ton •Ethereum: $2,065 •Gold: $4,542/toz •Lead: $1,897/ton •Natural Gas (Nymex): $2.94/MMbtu •WTI Crude Oil (Nymex): $100.92/barrel •Zinc: $3,115/ton IRAN •Pres. Trump's envoy, Steve Witkoff, said he was "hopeful" that negotiations will start this week, and Pakistan said it's preparing to host peace talks. •But while Trump hints at ongoing contact with Iran's "much more reasonable" new leaders, he's simultaneously fueling rumors that he'll abandon talks and "take the oil in Iran" - perhaps by seizing its Kharg Island fuel hub. •Having twice been bombed between rounds of ongoing negotiations, Iran is wary. Its parliament speaker accused the U.S. of "secretly planning a ground invasion" and warned that U.S. troops on the ground inside Iran will be "set on fire." •Israel struck two Iranian nuclear facilities that Iran's Foreign Minister, Abbas Araghchi, insists were civilian infrastructure. Araghchi threatened to "exact a heavy price" in retaliation, and Iran later struck a chemical plant in southern Israel. •The war is unpopular in the U.S., where an Economist / YouGov poll found only 36% of respondents approve of how Trump is pursuing it. YEMEN •Yemen's Iran-backed Houthi rebels joined their benefactor's war by resuming missile launches towards Israel for the first time since the U.S. and Israel began striking Iran a month ago. •Israel easily intercepted the incoming Houthi missile, and analysts seem unconcerned that the Houthi's entry into the war will shift its course. That's partly because the Houthis' firepower comes from Iran, and Iran can't afford to divert part of its depleting arsenal just so the Houthis can fire at the same enemy from a different angle. •The Houthis also seem to be refraining from targeting Red Sea shipping, as they did from 2023 until a ceasefire in May 2025. One Chatham House analyst surmised that they hope that Saudi Arabia will reward their restraint with cash. But others suggest the rebels are growing frustrated that Saudi aid hasn't materialized and may abandon their restraint. DRC •Ex-Congolese President Joseph Kabila gave his first major interview in eight years to the NYT. •In the extensive conversation, he hinted that he helped rig the 2018 election to fulfil a power-sharing "agreement" he had struck with his successor, Felix Tshisekedi, with whom he has since spectacularly fallen out. •Kabila now accuses Tshisekedi of trying to assassinate him in a drone strike on Goma earlier this month and slammed "Tshisekedi’s tyranny," warning of the "Sudanization" of DRC - i.e., of political dispute that descends into open conflict. •For its part, Tshisekedi's government accuses Kabila of leading the Rwanda-backed M23 rebellion in the east and has convicted him of treason and sentenced him to death in a trial that Human Rights Watch called "blatantly unfair." •Kabila is now back in DRC, in M23-controlled Goma. When the NYT asked him if he wanted to rule DRC again, he ominously demurred.
Open source reportOff Leash update 5 Feb UKRAINE •A new survey of Ukrainians found that 40% now say they're open to the idea of giving up the Donbas region in exchange for security guarantees. That's a major shift from earlier in the war, when 82% firmly opposed ceding territory to Russia. •Among those willing to give up the Donbas are residents of the Russian-occupied eastern region, who say they'd be willing to leave their homes behind if doing so assured peace. •That said, a majority of Ukrainians - 60% - still oppose ceding the Donbas to Russia, and many say they'd consider it a betrayal if Pres. Zelensky offers such a concession. Some expressed doubt that the security guarantors would truly come to Ukraine's aid if (cynics say when) Russia attacks again. •The idea of swapping the Donbas for security guarantees is one of the questions Ukrainian, Russian, and American negotiators are discussing in their second day of talks in Abu Dhabi today. IRAN •The U.S. and Iran confirmed they'll start talks tomorrow - though the White House says they'll take place in Oman (rather than Istanbul, as initially reported). •In a sign that both sides are taking the talks seriously, both are sending their most senior negotiators aside from their respective presidents: Steve Witkoff and Jared Kushner will represent the U.S., and Iran is sending its Foreign Minister, Abbas Araghchi. •Witkoff and Araghchi have reportedly exchanged occasional text messages in recent months, but the last time they spoke directly was before the U.S. and Israel bombed Iran's nuclear sites in June. •Meanwhile, Iranian authorities are making some belated and insufficient efforts to try to soothe seething public anger over the brutal crackdown on protests that killed thousands last month. •Yesterday, the government unveiled a new website that Iranians can use to report the names of loved ones killed in the demonstrations who were not included on the government's initial official list of 2,986 names confirmed to have died (another 131 deaths were officially confirmed and included in the government's death toll of 3,117 but not named yet). •Rights groups say the new government webform is essentially an online trash can: names submitted to it have not been added to the separate official list, which remains incomplete and riddled with errors. CHINA •Presidents Trump and Xi spoke by phone yesterday for what Trump called an "excellent" and "long and thorough" call. •When the leaders last spoke in October, they avoided the thorny topic of Taiwan. •This time they did not - though Trump and Xi offered differing accounts of their discussion on the self-governing territory, which China claims. •Trump's readout suggested Taiwan was just one of many subjects they covered, while Chinese state media portrayed it as the focal point of the call and said Xi told Trump it's "the most important issue in China-U.S. relations" and warned Trump to "handle arms sales to Taiwan with extreme caution."
Open source reportOff Leash update 14 April 2025 COMING UP THIS WEEK •The 2025 World Expo opened yesterday in Osaka, Japan. •Pres. Trump hosts El Salvador's Pres. Bukele at the White House today and Italy's Prime Minister Meloni on Thursday. •U.S. markets are closed on Friday for Good Friday, and Easter is this Sunday. •Saturday is the 250th anniversary of the start of the American Revolution. COMMODITY PRICES •Aluminum: $2,397/ton •Antimony (trioxide min. 99.65% fob China): $28,950/ton •Cobalt: $33,700/ton •Copper: $9,155/ton •Gold: $3,223/toz •Lead: $1,914/ton •Natural Gas (Nymex): $3.47/MMbtu •WTI Crude Oil (Nymex): $62.03/barrel •Zinc: $2,652/ton IRAN •The U.S. and Iran held their first bilateral talks since 2018 on Saturday in Oman. Both sides seemed pleased with how it went, so they'll continue with a second round of talks starting Saturday in Rome. •Some (including me) had worried that the U.S. might make uncompromising demands - such as a complete dismantling of Iran's nuclear programs - in this first session, leading Iran to walk away from talks. •That didn't happen. Instead, the U.S. goal for this first session seems to have been to shift from the indirect format Iran wanted to a direct exchange. The U.S. achieved that goal: U.S. envoy Steve Witkoff and Iranian foreign minister Abbas Araghchi reportedly met directly for 45 minutes at the end of a day of indirect talks. •Israeli officials remain concerned that the U.S. is being too soft on Iran. SAUDI ARABIA •The Trump administration also revived talks with Iran's regional arch-rival, Saudi Arabia, over the weekend. The U.S. and Saudi are considering a deal that would give Saudi access to U.S. nuclear technology - and could let Saudi enrich its own uranium in the future. •U.S. Energy Secretary Chris Wright said the details of an agreement are still hazy but "but it certainly looks like there is a pathway" forward. CHINA •China made another move in its escalating trade spat with the U.S.: Beijing suspended exports of certain rare earths to the U.S. in retaliation for higher U.S. tariffs on Chinese goods. •The NYT assessed that the White House hopes to stop the escalation with direct talks: "The U.S. administration has been waiting for the Chinese leader, Xi Jinping, to call Trump, but Beijing appears wary of putting Xi in an unpredictable situation with the U.S. president." •Xi, meanwhile, is on a charm offensive through Southeast Asia (Indonesia, Vietnam, Malaysia, and Cambodia) this week. His trip was planned long before Pres. Trump surprised those countries with high reciprocal tariffs (which were later paused), but it has taken on new significance after Trump's tariff announcements. Analysts believe Xi will now use his Asian meetings to counter-position China as a stable trade partner - in juxtaposition to the unreliable one keeping global markets on edge. •Separately, the UK took control of its last operating steel production factory from its Chinese owners, who lost interest in the loss-making blast furnaces but still control British Steel's more profitable milling segment. •The episode tainted the UK's trust in Chinese investment: UK business secretary Jonathan Reynolds accused the British Steel's Chinese owners of not negotiating "in good faith," and said future Chinese investment offers would need to clear a "high trust bar" after this. [More cynical voices accuse British Steel's Chinese owners of deliberately ruining its business at the behest and benefit of the Chinese government.] UKRAINE •Russia fired missiles at the Ukrainian city of Sumy during Palm Sunday celebrations yesterday, killing at least 34. •Early reports suggest the Russian missiles fell on Sumy in two waves: an initial one followed by a second that landed as emergency responders arrived to aid victims of the first wave. 1/2
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