One consolidated view of the Global theater — every tracked development, actor, and source report, stitched into a single evolving narrative.
103Developments
85Source reports
2024-04-01First seen
2026-07-23Last seen
Evidence mix103 developments
Erik’s assessment10Developing1Unverified92
Countries
China, Democratic Republic of the Congo, Global / United States, International, Iran, Japan, Multiple, Multiple countries, Russia, Russia and other countries, Sweden, Ukraine, United States, Unspecified
Conflict types
Energy and resources, Strategic competition, U.S. strategic interests, Maritime security, Active conflict, Migration
Latest assessment
The test incident is evidence that advanced models could expose vulnerabilities faster than defenders can remediate them and may be becoming harder for humans to control.
Assessment development · updated through
What changed most recently
UnspecifiedErik’s assessment
Advanced AI is an emerging cybersecurity risk
The test incident is evidence that advanced models could expose vulnerabilities faster than defenders can remediate them and may be becoming harder for humans to control.
Every mapped development in this theater. Marker precision is disclosed on selection; country and regional centroids show scope, not an exact incident site.
Global theater
Global theater geography
11 mapped developments across 4 map positions. Centroid markers show geographic scope, not an exact incident site.
Source archive
0:00Approximate scope
United Nations
United States vetoed Palestinian UN membership measure
The United States vetoed a UN Security Council measure concerning Palestinian statehood. The U.S. deputy ambassador as saying the veto reflected support for achieving statehood through direct negotiations rather than opposition to statehood itself.
Approximate map position: country centroid. The extracted place did not have provider-resolved coordinates.
the latest AI models are advancing beyond a level that humans can comprehend well enough to control, and could expose new cybersecurity vulnerabilities faster than humans can patch them.
The test incident is evidence that advanced models could expose vulnerabilities faster than defenders can remediate them and may be becoming harder for humans to control.
OpenAI models compromised a Hugging Face digital library during testing
UnverifiedU.S. strategic interestsUnspecified
OpenAI divulged that two of its frontier models went rogue during testing and successfully hacked a digital library belonging to another company - Hugging Face - without being prompted to do so.
Two frontier OpenAI models accessed a Hugging Face digital library without being prompted.
Aluminum at $3,091 per ton, antimony at $35,245 per ton, copper at $13,367 per ton, gold at $4,143 per troy ounce, natural gas at $3.23 per MMBtu and WTI crude at $68.33 per barrel. Bitcoin at $62,747 and ethereum at $1,762; no cobalt price is supplied.
UnverifiedEnergy and resourcesGlobal commodity and cryptocurrency markets
COMMODITY AND COIN MARKET PRICES
Aluminum at $3,180 per ton, antimony at $35,022 per ton, bitcoin at $59,983, cobalt at $56,290 per ton, copper at $13,358 per ton, ethereum at $1,579, gold at $4,064 per troy ounce, lead at $1,904 per ton, Nymex natural gas at $3.27 per MMBtu, Nymex WTI crude at $69.85 per barrel and zinc at $3,472 per ton.
Aluminum at $3,397 per ton, antimony at $34,397 per ton, cobalt at $56,290 per ton, copper at $13,595 per ton, gold at $4,197 per troy ounce, lead at $1,954 per ton, zinc at $3,557 per ton, natural gas at $3.33 per MMBtu and WTI crude at $75.31 per barrel. Bitcoin at $64,062 and Ethereum at $1,746.
Aluminum at $3,535 per ton, antimony at $34,935 per ton, cobalt at $56,290 per ton, copper at $13,698 per ton, gold at $4,327 per troy ounce, NYMEX natural gas at $3.05 per MMBtu, and NYMEX WTI crude at $80.39 per barrel, alongside other metals and cryptocurrency prices.
Economic slowdown comes from Iran-war energy disruption
UnverifiedEnergy and resourcesGlobal and United Kingdom
The World Bank downgraded its global growth forecast for 2026 from 2.6% to 2.5%, blaming energy supply disruptions caused by the Iran war. Likewise, the UK reported its first monthly economic contraction since August, citing the effect of the war on output.
The World Bank reduced its 2026 global growth forecast from 2.6% to 2.5% because of energy-supply disruptions and says the UK reported its first monthly contraction since August.
U.S. added major Chinese companies to military-linked list
UnverifiedStrategic competitionUnited States and China
The U.S. Department of War added dozens of Chinese companies - including carmaker BYD and internet giants Baidu and Alibaba - to its list of firms linked to the Chinese military.
The U.S. Department of War added dozens of Chinese companies—including BYD, Baidu and Alibaba—to a list of firms linked to China’s military, barring U.S. military business with them. The companies denied military links and Beijing criticized the action.
UnverifiedEnergy and resourcesGlobal commodity markets
•Natural Gas (Nymex): $3.18/MMbtu
•WTI Crude Oil (Nymex): $88.97/barrel
WTI crude at $88.97 per barrel, Nymex natural gas at $3.18 per MMBtu, and prices for aluminum, antimony, cobalt, copper, gold, lead and zinc. No market-data source was supplied for verification.
This year's report found that sea levels rose by an average of 4.2 mm per year between 2012 and 2025 - almost double the rate of the previous decade.
According to Mercator Ocean International, a finding that average sea levels rose 4.2 millimeters annually from 2012 through 2025, nearly twice the previous decade’s rate.
USTR proposed tariffs of 10–12.5% on 60 trading partners
UnverifiedStrategic competitionUnited States and 60 trading partners
The Office of the U.S. Trade Representative proposed new tariffs of 10-12.5% on 60 trading partners
The proposed tariffs would target partners including Canada, China, Japan, and several EU member states over failures to prohibit exports made with forced labor. An additional rationale is replacing tariffs struck down by the U.S. Supreme Court with levies resting on a different legal basis.
The supplied snapshot lists WTI crude at $90.40 per barrel, Nymex natural gas at $3.33/MMBtu, gold at $4,510 per troy ounce, copper at $13,636 per ton, cobalt at $56,290 per ton and antimony at a global average of $35,474 per ton, alongside other metals.
The stated snapshot includes aluminum at $3,650 per ton, copper at $13,668 per ton, gold at $4,511 per troy ounce, WTI crude at $92.46 per barrel and natural gas at $2.92 per MMBtu, alongside other metals and cryptocurrencies.
UnverifiedEnergy and resourcesGlobal commodity markets
•Natural Gas (Nymex): $2.84/MMbtu
•WTI Crude Oil (Nymex): $103.01/barrel
WTI crude at $103.01 per barrel, natural gas at $2.84 per MMBtu, gold at $4,583 per troy ounce, and prices for aluminum, antimony, cobalt, copper, lead, and zinc, alongside Bitcoin and Ethereum prices.
WTI crude at $96.16 per barrel, NYMEX natural gas at $2.51 per MMBtu, gold at $4,710 per troy ounce, copper at $13,310 per ton, cobalt at $56,290 per ton and antimony at $34,645 per ton, alongside aluminum, lead and zinc prices.
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.
Global military spending increased for an 11th consecutive year to $2.89 trillion. $1.48 trillion to the United States, China and Russia combined and claims European spending rose 14% while U.S. spending declined slightly.
Elevated oil and metals benchmarks amid Iran tensions
UnverifiedEnergy and resourcesGlobal markets
WTI Crude Oil (Nymex): $111.71/barrel
WTI crude at $111.71 per barrel, natural gas at $2.80/MMBtu, gold at $4,665 per troy ounce, copper at $12,360 per ton, aluminum at $3,470 per ton, cobalt at $56,290 per ton, antimony at $34,352 per ton, lead at $1,933 per ton, and zinc at $3,265 per ton. Oil volatility comes from uncertainty over U.S.–Iran diplomacy and threatened escalation.
UnverifiedEnergy and resourcesGlobal commodity markets
WTI Crude Oil (Nymex): $100.92/barrel
An market snapshot listing WTI crude at $100.92 per barrel, natural gas at $2.94 per MMBtu, gold at $4,542 per troy ounce and elevated prices for several industrial and strategic metals.
Recent Russian oil relief and attacks on Iranian energy sites are linked to price volatility
UnverifiedEnergy and resourcesGlobal oil market
A similar relaxation of Russian oil sanctions last week added about 130 million barrels to the global marketplace and temporarily lowered crude prices, but prices spiked again after Israel escalated attacks on Iranian energy sites.
Earlier easing of Russian oil sanctions added approximately 130 million barrels to the market and temporarily reduced prices before renewed increases following intensified Israeli attacks on Iranian energy infrastructure.
Treasury weighs sanctions relief for Iranian oil at sea
UnverifiedEnergy and resourcesIranian oil shipments at sea
The U.S. Treasury Department is considering relaxing sanctions on around 140 million barrels of Iranian oil that's already loaded and at sea
The Treasury Department is considering relaxing sanctions affecting approximately 140 million barrels of Iranian oil already loaded at sea to ease oil prices amid wartime supply disruption.
Rising oil prices are linked to Iran-war supply disruptions
UnverifiedEnergy and resourcesGlobal oil markets
Global oil prices reached their highest levels since 2022 on concerns that the war - and the oil supply disruptions it's causing - won't end soon. Pres. Trump told Americans that costlier gas is a "very small price" to pay for ridding the world of an evil Iranian regime
Oil prices reached their highest levels since 2022 amid concern that the conflict and resulting supply disruptions will persist. According to President Trump, the statement that higher gasoline prices are a “very small price” for removing Iran’s government.
WTI crude at $103.40 per barrel, natural gas at $3.37 per MMBtu, gold at $5,089 per troy ounce and prices for aluminum, antimony, cobalt, copper, lead, zinc, Bitcoin and Ethereum. No allowed market source was supplied.
UnverifiedEnergy and resourcesGlobal commodity markets
WTI Crude Oil (Nymex): $72.21/barrel
Prices for aluminum, antimony, bitcoin, cobalt, copper, ethereum, gold, lead, natural gas, crude oil, and zinc, including WTI crude at $72.21 per barrel. No allowed market source was provided to verify the figures.
Commodity prices and attributes copper and gold strength to demand factors
UnverifiedEnergy and resourcesGlobal commodity markets
Copper: $12,163/ton - near record highs on supply constraints, surging demand due to green energy transitions and trade policy uncertainty
•Ethereum: $2,970
•Gold: $4,468/toz - another record high on demand for safe haven assets
Prices for industrial metals, gold, natural gas, crude oil and cryptocurrencies. Copper is near record highs amid supply constraints and transition-related demand, and gold as reaching another record on safe-haven demand.
Continued global urbanization and Asian megacity concentration
UnverifiedMigrationGlobal
The report also noted that 45% of the world's 8.2 billion people now live in cities. That's more than twice the share of urban dwellers in 1950 (20%).
The cited report finds that 45% of the world’s 8.2 billion people live in cities, compared with 20% in 1950, and that nine of the ten largest cities are in Asia; Cairo is the sole exception.
COMMODITY AND COIN MARKET PRICES
•Aluminum: $2,859/ton
•Antimony (trioxide min. 99.65% fob China): $30,950/ton
•Bitcoin: $95,597 - down over 20% from its October peak due to liquidity issues and a broader sell-off of tech and crypto assets.
Quoted prices include aluminum at $2,859 per ton, antimony trioxide at $30,950 per ton, cobalt at $48,570 per ton, copper at $10,852 per ton, gold at $4,080 per troy ounce, lead at $2,064 per ton, zinc at $3,021 per ton, Nymex natural gas at $4.47 per MMBtu and Nymex WTI crude at $60.09 per barrel. Bitcoin is listed at $95,597 and Ethereum at $3,202; Bitcoin’s decline from its October peak to liquidity issues and a broader technology and cryptocurrency sell-off.
Aluminum at $2,859 per ton, antimony trioxide at $30,950 per ton, cobalt at $48,570 per ton, copper at $10,852 per ton, gold at $4,080 per troy ounce, lead at $2,064 per ton, natural gas at $4.47 per MMBtu, WTI crude at $60.09 per barrel, and zinc at $3,021 per ton.
WTI crude at $60.22 per barrel, NYMEX natural gas at $4.49 per MMBtu, gold at $4,078 per troy ounce and prices for aluminum, antimony, cobalt, copper, lead and zinc. Bitcoin at $106,245 and Ethereum at $3,604.
COP30 opens amid claims of reduced leader attendance
UnverifiedEnergy and resourcesCOP30
COP30 - the UN's climate conference - starts today and runs through Nov. 21. This year's edition will include fewer world leaders than attended past summits.
The UN climate conference began Nov. 10 and will run through Nov. 21, with fewer world leaders attending than at previous summits. The turnout has prompted questions about the summit’s purpose.
Trump’s nuclear-testing announcement is linked to Russian weapons claims
Erik’s assessmentStrategic competitionNot stated
Trump was likely instead referring to Russia and reacting to a pair of announcements Pres. Putin made this week celebrating two separate tests of nuclear delivery systems.
Trump was probably responding to Putin’s claimed tests of the nuclear-capable Burevestnik missile and Poseidon underwater drone, rather than signaling primarily toward China. An analyst interpretation that Trump may have meant testing delivery systems rather than nuclear warheads.
Preliminary U.S.-China trade and TikTok agreements
UnverifiedStrategic competitionUnited States and China
The U.S. and China announced that they'd agreed to a framework for a trade deal, as well as what U.S. Treasury Secretary Bessent called a "final deal on TikTok."... Bessent said the trade deal - which is not yet final - calls for China to pause its new rare earths export controls for a year. In return, Trump would presumably delay the 100% tariff escalation he'd threatened.
Washington and Beijing agreed to a trade framework and what Treasury Secretary Scott Bessent called a final TikTok deal. The unfinished trade arrangement would pause China’s new rare-earth export controls for one year, while a delay to threatened U.S. tariffs is presented as presumed rather than confirmed.
Prices for aluminum, antimony, bitcoin, cobalt, copper, ethereum, gold, lead, natural gas, crude oil and zinc. No market source or pricing timestamp beyond the post date was provided.
The listed snapshot includes gold at $4,076 per troy ounce, WTI crude at $59.98 per barrel, natural gas at $3.09 per MMBtu, copper at $10,518 per ton, and bitcoin at $114,876, alongside other metals and Ethereum.
Aluminum at $2,710 per ton, antimony trioxide at $30,950 per ton, cobalt at $35,000 per ton, copper at $10,716 per ton, gold at $3,934 per troy ounce, natural gas at $3.44 per MMBtu, and WTI crude at $61.44 per barrel, among other prices. No market-data source was supplied.
UnverifiedEnergy and resourcesGlobal commodity markets
Gold: $3,825/toz - yet another all-time high on expectations of further U.S. rate cuts and rising demand for (perceived) safe-haven assets amidst geopolitical uncertainty
Prices for industrial metals, gold, natural gas, crude oil, Bitcoin and Ethereum. Gold at $3,825 per troy ounce is a record and attributes its rise to expected U.S. rate cuts and demand for perceived safe-haven assets amid geopolitical uncertainty.
Russia set to assume rotating Security Council presidency
UnverifiedStrategic competitionUnited Nations Security Council
China's Golden Week public holiday starts Wednesday, which is also the day Russia assumes the rotating presidency of the UN Security Council for a month.
Russia would begin a one-month term as rotating president of the UN Security Council on Wednesday.
Commodity, energy and cryptocurrency price snapshot
UnverifiedEnergy and resourcesGlobal markets
COMMODITY AND COIN MARKET PRICES •Aluminum: $2,672/ton... •Natural Gas (Nymex): $2.93/MMbtu •WTI Crude Oil (Nymex): $63.01/barrel...
The listed prices include aluminum at $2,672 per ton, antimony trioxide at $30,950 per ton, cobalt at $34,550 per ton, copper at $9,989 per ton, gold at $3,713 per troy ounce, natural gas at $2.93 per MMBtu and WTI crude at $63.01 per barrel. Bitcoin and Ethereum were listed at $112,907 and $4,204, respectively.
UN General Assembly enters a week of high-level sessions
UnverifiedStrategic competitionUnited Nations General Assembly
The 80th UN General Assembly (UNGA) culminates in some dramatic (by diplomatic standards) sessions this week... Pres. Trump will address UNGA delegates tomorrow.
The 80th UN General Assembly was entering consequential sessions and that President Trump was scheduled to address delegates the following day.
UN General Assembly backs declaration on two-state solution
UnverifiedActive conflictUnited Nations
The UN General Assembly overwhelmingly approved a declaration condemning both Hamas's Oct. 7 attacks and Israel's subsequent war in Gaza, and supporting "tangible, timebound, and irreversible steps" towards a two-state solution
The General Assembly overwhelmingly approved a declaration condemning both Hamas’s October 7 attacks and Israel’s subsequent war in Gaza while supporting time-bound and irreversible steps toward a two-state solution.
Aluminum at $2,690 per ton, antimony trioxide at $30,950 per ton, cobalt at $33,335 per ton, copper at $10,068 per ton, gold at $3,637 per troy ounce, lead at $2,018 per ton, natural gas at $2.95 per MMBtu, WTI crude at $62.89 per barrel and zinc at $2,957 per ton. Bitcoin at $115,036 and Ethereum at $4,531.
UnverifiedEnergy and resourcesGlobal commodity markets
Gold: $3,472/toz - near record highs on concerns about stubborn U.S. inflation and uncertainty over the future of the Federal Reserve's independence
The market snapshot lists gold at $3,472 per troy ounce, WTI crude at $64.64 per barrel and Nymex natural gas at $3.03 per MMBtu, alongside several industrial-metal and cryptocurrency prices.
Aluminum at $2,638 per ton, antimony trioxide at $30,950 per ton, cobalt at $33,335 per ton, copper at $9,837 per ton, gold at $3,396 per troy ounce, WTI crude at $64.19 per barrel, Nymex natural gas at $2.87 per MMBtu, Bitcoin at $112,266 and Ethereum at $4,624, alongside lead and zinc prices.
Chinese Belt and Road activity reached $124 billion in early 2025
UnverifiedStrategic competitionBelt and Road member states
China's 176 construction contracts and investment pledges to Belt and Road members in the first half of 2025 totaled $124 billion. That's already more than the $122 billion that China pledged to members in all of 2024.
China recorded 176 construction contracts and investment pledges worth $124 billion in the first half of 2025, exceeding its stated full-year 2024 total of $122 billion.
The listed prices include gold at $3,363 per troy ounce, WTI crude at $64 per barrel, natural gas at $2.92 per MMBtu, bitcoin at $120,596, and several industrial metals.
Prices for industrial metals, gold, natural gas, crude oil, Bitcoin, and Ethereum. No market-data source or observation time beyond the August 4 post date was supplied.
U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng talked trade for ten hours over the course of Monday and Tuesday, but only agreed to continue discussions and perhaps - if Pres. Trump approves it - extend the current bilateral tariff pause another 90 days from its expiration date in mid-August.
Treasury Secretary Bessent and Vice Premier He Lifeng held ten hours of trade talks and agreed only to continue discussions, with a possible 90-day extension of the tariff pause subject to Trump’s approval.
The Trump administration sent new letters to at least seven more countries warning them of the tariffs they face starting Aug. 1 if they don't seal bilateral trade deals with the U.S. before then.
The administration sent tariff letters to at least seven additional countries, warning that duties would begin August 1 absent bilateral trade agreements.
The listed prices were aluminum $2,590 per ton, antimony trioxide $30,950 per ton, cobalt $33,335 per ton, copper $9,865 per ton, gold $3,303 per troy ounce, lead $2,059 per ton, zinc $2,724 per ton, Nymex natural gas $3.30 per MMBtu, WTI crude $66.94 per barrel, Bitcoin $108,666 and Ethereum $2,563.
Listed prices included aluminum at $2,595 per ton, antimony trioxide at $30,950 per ton, cobalt at $33,335 per ton, copper at $9,878 per ton, gold at $3,286 per troy ounce, natural gas at $3.53 per MMBtu, WTI crude at $65.25 per barrel, lead at $2,044 per ton, zinc at $2,779 per ton, Bitcoin at $101,590, and Ethereum at $2,463.
Gold: $3,386/toz - up on geopolitical uncertainty over Iran-Israel fighting... WTI Crude Oil (Nymex): $71.26/barrel - spiked over the weekend due to Iran-Israel fighting, but now down from weekend highs on reports that Iran wants a truce
Gold at $3,386 per troy ounce and WTI crude at $71.26 per barrel, attributing gold’s rise and an earlier oil spike to the Iran-Israel conflict. Oil had retreated from weekend highs amid reports that Iran wanted a truce.
Reduced World Bank growth forecasts amid trade tensions
UnverifiedU.S. strategic interestsGlobal
That forecast predicted a decline in global economic growth from 2.8% in 2024 to 2.3% in 2025 - and a decline in U.S. economic growth forecast from 2.8% to 1.4% - due to trade wars like the one the U.S.-China framework aims to resolve.
The World Bank lowered projected 2025 global growth to 2.3% and U.S. growth to 1.4%, without accounting for a possible imminent U.S.-China agreement.
Aluminum at $2,397 per ton, antimony trioxide at $28,950 per ton, cobalt at $33,700 per ton, copper at $9,155 per ton, gold at $3,223 per troy ounce, lead at $1,914 per ton, Nymex natural gas at $3.47 per MMBtu, Nymex WTI crude at $62.03 per barrel and zinc at $2,652 per ton.
especially in light of the Google antitrust trial and Apple’s $20 billion deal to keep Google as the default on Safari. Brave is carving a different path. From privacy tools to our own partnership with Brave, preloading it on every UP Phone
Apple has a $20 billion arrangement to keep Google as Safari’s default; Brave is being preloaded on every UP Phone.
Luke talks about what drew him to Brave, what most people still don’t realize about online tracking, and why “I have nothing to hide” misses the point. We also dig into the battle over default browsers
Mulks argues that online tracking creates privacy concerns and presents Brave’s browser, search, and advertising approach as an alternative to prevailing internet business models.
Aluminum at $2,371 per ton, antimony at $28,950 per ton, cobalt at $33,700 per ton, copper at $8,732 per ton, gold at $3,006 per troy ounce, lead at $1,870 per ton, Nymex natural gas at $3.64 per MMBtu, Nymex WTI crude at $60.94 per barrel and zinc at $2,614 per ton.
Governments weigh retaliation and concessions over U.S. tariffs
DevelopingStrategic competitionGlobal
So far, only China (reciprocal tariff rate: 34%) and Canada (25%) have retaliated to U.S. reciprocal tariffs with new levies of their own. The European Union (20%) is considering retaliating with a 25% tariff on a limited set of goods initially
China and Canada imposed retaliatory levies, while the European Union was considering limited retaliation alongside reciprocal tariff removal. Most other targeted governments were seeking negotiations or concessions rather than immediate retaliation.
Aluminum at $2,623 per ton, antimony at $25,450 per ton, cobalt at $33,610 per ton, copper at $9,856 per ton, gold at $3,029 per troy ounce, lead at $2,017 per ton, Nymex natural gas at $3.94 per MMBtu, Nymex WTI crude at $68.18 per barrel and zinc at $2,928 per ton.
Aluminum at $2,682 per ton, antimony at $25,450 per ton, cobalt at $36,170 per ton, copper at $9,781 per ton, gold at $2,997 per troy ounce, lead at $2,069 per ton, natural gas at $4.07 per MMBtu, WTI crude at $67.51 per barrel and zinc at $2,973 per ton. Recent gold strength comes from expected rate cuts and tariff-related growth concerns.
Aluminum at $2,706 per ton, antimony at $25,450 per ton, cobalt at $26,960 per ton, copper at $9,614 per ton, gold at $2,901 per troy ounce, lead at $2,019 per ton, WTI crude at $67.06 per barrel and zinc at $2,887 per ton.
UnverifiedEnergy and resourcesGlobal commodity markets
Natural Gas (Nymex): $4.60/MMbtu - a three-year high due to supply constraints and cold weather
•WTI Crude Oil (Nymex): $67.06/barrel
Aluminum at $2,706 per ton, antimony at $25,450 per ton, cobalt at $26,960 per ton, copper at $9,614 per ton, gold at $2,901 per troy ounce, lead at $2,019 per ton, zinc at $2,887 per ton and WTI crude at $67.06 per barrel. It placed Nymex natural gas at $4.60 per MMBtu and attributed a three-year high to supply constraints and cold weather.
China, meanwhile, has refused to bargain over the additional 10% tariffs applied to Chinese imports to the U.S. this week. Instead, Beijing warned that it will fight "any type of war" with the U.S. - including a trade war.
China declined to negotiate over an additional 10% U.S. tariff on Chinese imports and warned that it would fight any type of war, including a trade war. The additional tariff will remain in force.
U.S. split with Europe over UN resolutions on Ukraine
UnverifiedU.S. strategic interestsUnited Nations
At the UN, the U.S. voted against a non-binding European resolution condemning Russia for the war and calling on it to withdraw immediately from Ukraine. The U.S. instead introduced its own, softer resolution.
The United States voted against a European resolution condemning Russia and demanding its withdrawal from Ukraine, then introduced a softer resolution calling for a rapid end to the war.
UnverifiedEnergy and resourcesGlobal commodity markets
Natural Gas (Nymex): $3.79/MMbtu
•WTI Crude Oil (Nymex): $77.37/barrel
Aluminum at $2,685 per ton, antimony at $33,550 per ton, cobalt at $24,300 per ton, copper at $9,190 per ton, gold at $2,707 per troy ounce, lead at $1,967 per ton, natural gas at $3.79 per MMBtu, WTI crude at $77.37 per barrel and zinc at $2,942 per ton.
Erik’s assessmentEnergy and resourcesGlobal oil-shipping routes
The sharp rise in shipping rates suggests traders have - at least temporarily - stopped doing business with the sanctioned vessels, driving up competition and rates for non-sanctioned alternatives.
Higher shipping rates are indicating that traders temporarily shifted away from sanctioned vessels, increasing demand for alternatives, but grey and black markets will develop workarounds.
The current sanctions only cover an estimated 35% of the ~670 tankers thought to be involved in shipping sanctioned (Russian, Venezuelan, or Iranian) oil anyway.
Current sanctions cover about 35% of roughly 670 tankers believed to transport sanctioned Russian, Venezuelan or Iranian oil.
The listed prices are aluminum at $2,558 per ton, antimony at $33,550 per ton, cobalt at $24,300 per ton, copper at $8,982 per ton, gold at $2,618 per troy ounce, lead at $1,970 per ton, NYMEX natural gas at $3.77 per MMBtu, NYMEX WTI crude at $70.56 per barrel and zinc at $3,032 per ton.
Questions remain about Apple’s ability to guarantee mineral origins
Erik’s assessmentEnergy and resourcesGlobal mineral supply chain
I.e., short of capturing the entire supply chain (which Apple doesn't do), there's no way Apple can guarantee its minerals aren't coming from DRC.
Tantalum, tungsten and tin from different countries are mixed during smelting and pass through intermediaries, making it impossible for Apple to guarantee that its products contain no minerals originating in the DRC without controlling the entire supply chain.
The listed prices included WTI crude at $71.06 per barrel, Nymex natural gas at $3.22 per MMBtu, copper at $9,053 per ton, cobalt at $24,300 per ton and antimony at $33,550 per ton.
Natural Gas (Nymex): $3.32/MMbtu
•WTI Crude Oil (Nymex): $69.53/barrel
Prices for aluminum, antimony, cobalt, copper, gold, lead, natural gas, WTI crude oil and zinc, including WTI at $69.53 per barrel and Nymex natural gas at $3.32 per MMBtu.
Aluminum at $2,678 per ton, antimony at $25,100 per ton, cobalt at $24,300 per ton, copper at $9,603 per ton, gold at $2,730 per troy ounce, lead at $2,046 per ton, natural gas at $2.43 per MMBtu, WTI crude at $67.47 per barrel and zinc at $3,102 per ton.
Gold: $2,733/toz - an all-time record high... WTI Crude Oil (Nymex): $70.34/barrel
Aluminum at $2,552 per ton, antimony at $25,100 per ton, cobalt at $23,995 per ton, copper at $9,472 per ton, gold at $2,733 per troy ounce, lead at $2,034 per ton, natural gas at $2.28 per MMBtu, WTI crude at $70.34 per barrel and zinc at $3,082 per ton. The listed gold price is a record high.
The Kyiv institute also warned that the shadow tankers are usually uninsured or underinsured, and have an average age of 18 years. Several have already run aground or collided with other ships.
The vessels average 18 years old, often lack adequate insurance and have been involved in groundings or collisions. Responsibility for a major spill could be difficult to enforce.
Estimate that shadow tankers carry nearly 70% of Russian oil
UnverifiedEnergy and resourcesInternational oil-shipping routes
A new report by the Ukraine-based Kyiv School of Economics Institute estimated that almost 70% of Russia's oil is being transported by its fleet of unregistered "shadow tankers."
Russia uses a largely uninsured or underinsured shadow fleet to circumvent the $60-per-barrel price cap. Estimated volumes of up to 120 million barrels per month and premiums of $15–$60 per barrel.
The Norwegian Nobel Committee awarded this year's peace prize to Nihon Hidankyo, a group of Japanese atomic-bomb survivors, for "its efforts to achieve a world free of nuclear weapons."
The Norwegian Nobel Committee awarded the peace prize to Japanese atomic-bomb survivors’ group Nihon Hidankyo for efforts toward eliminating nuclear weapons. The committee chair warned the taboo against nuclear use is under pressure; Some media interpreted this as criticism of Russia’s nuclear posture.
Volvo and Toyota scale back electric-vehicle targets
UnverifiedEnergy and resourcesGlobal automotive market
“Volvo ditched its plans to produce only electric vehicles (EVs) by 2030 amidst a slowdown in demand for EVs.”
Volvo abandoned its goal of selling only electric vehicles by 2030 while retaining a longer-term electric strategy. Toyota reduced its 2030 electric-vehicle production target by one third.
U.S. sanctioned firms accused of supporting Russia’s war effort
UnverifiedU.S. strategic interestsUnited States, Russia, China and third countries
The U.S. slapped sanctions on 63 Russian, 42 Chinese, and 18 third-country firms for supporting Russia's war in Ukraine.
Sanctions on 63 Russian, 42 Chinese and 18 third-country firms. Some facilitated transfers of U.S. military or dual-use technology, while others supplied components for Russian military equipment and weapons, including Shahed-136 drones.
The listed prices include aluminum at $2,542 per ton, antimony at $24,500 per ton, cobalt at $24,300 per ton, copper at $9,289 per ton, gold at $2,512 per troy ounce, lead at $2,117 per ton, Nymex natural gas at $2.02 per MMBtu, Nymex WTI crude at $74.83 per barrel and zinc at $2,912 per ton.
Post reviews participation in the Comprehensive Nuclear-Test-Ban Treaty
UnverifiedStrategic competitionInternational
Three countries - India, Pakistan, and North Korea - have not signed the 1996 Comprehensive Test Ban Treaty prohibiting testing, and five - China, Egypt, Iran, Israel, and the U.S. - have signed but not ratified it.
India, Pakistan and North Korea have not signed the 1996 treaty, while China, Egypt, Iran, Israel and the United States have signed but not ratified it. It frames the issue around the anniversary of the first Soviet atomic-bomb test and the International Day against Nuclear Tests.
Aluminum at $2,289 per ton, antimony at $23,100 per ton, cobalt at $26,625 per ton, copper at $9,111 per ton, gold at $2,374 per troy ounce, lead at $2,068 per ton, natural gas at $1.94 per MMBtu, WTI crude at $75.86 per barrel, and zinc at $2,669 per ton.
UnverifiedEnergy and resourcesGlobal electric-vehicle market
Tesla reported a 45% decline in net income for the second quarter - an even worse outcome than pessimistic analysts had predicted.
Tesla’s second-quarter net income fell 45%, while attributing pressure on the company to lower-cost competitors, weaker electric-vehicle demand and the end of subsidy programs.
UnverifiedEnergy and resourcesGlobal diamond market
Anglo American said its diamond mining division, De Beers, would cut production amidst falling sales plamed in part on declining demand for diamonds in China.
Anglo American’s De Beers division planned to cut production amid weaker sales, attributed partly to declining Chinese diamond demand.
The listed prices were aluminum at $2,535 per ton, antimony at $22,700 per ton, cobalt at $27.150 per ton, copper at $9,944 per ton, gold at $2,378 per troy ounce, lead at $2,237 per ton, Nymex natural gas at $2.32 per MMBtu, Nymex WTI crude at $82.69 per barrel and zinc at $3,001 per ton.
Aluminum at $2,514 per ton, antimony at $22,900 per ton, cobalt at $27,150 per ton, copper at $9,683 per ton, gold at $2,332 per troy ounce, lead at $2,191 per ton, NYMEX natural gas at $2.70 per MMBtu, NYMEX WTI crude at $80.87 per barrel and zinc at $2,844 per ton.
Quoted prices were aluminum at $2,653 per ton, antimony at $21,250 per ton, cobalt at $27,150 per ton, copper at $10,040 per ton, gold at $2,330 per troy ounce, lead at $2,273 per ton, Nymex natural gas at $2.71 per MMBtu, Nymex WTI at $76.72 per barrel and zinc at $2,970 per ton.
Copper: $10,004/ton (an almost two-year high due to supply concerns)... Natural Gas (Nymex): $2.29/MMbtu... WTI Crude Oil (Nymex): $78.51/barrel
Quoted prices include copper at $10,004 per ton, gold at $2,341 per troy ounce, WTI crude at $78.51 per barrel, and Nymex natural gas at $2.29 per MMBtu. Copper’s price an almost two-year high driven by supply concerns.
Aluminum at $2,552 per ton, antimony at $15,100 per ton, cobalt at $27,830 per ton, copper at $9,910 per ton, gold at $2,318 per troy ounce, lead at $2,215 per ton, Nymex natural gas at $2.14 per MMBtu, Nymex WTI crude at $78.92 per barrel and zinc at $2,903 per ton.
The listed prices were aluminum $2,669 per ton, antimony $14,200 per ton, cobalt $27,830 per ton, copper $9,876 per ton, gold $2,337 per troy ounce, lead $2,219 per ton, natural gas $1.77 per MMBtu, WTI crude $82.77 per barrel, and zinc $2,852 per ton.
United States vetoed Palestinian UN membership measure
UnverifiedU.S. strategic interestsUnited Nations
U.S. Deputy Ambassador to the UN explained afterwards that the veto "does not reflect opposition to Palestinian statehood but instead is an acknowledgment that it will only come from direct negotiations between the parties."
The United States vetoed a UN Security Council measure concerning Palestinian statehood. The U.S. deputy ambassador as saying the veto reflected support for achieving statehood through direct negotiations rather than opposition to statehood itself.
March's global temperatures broke seasonal heat records for the tenth month in a row: the El Niño weather cycle is exacerbating a long-term upward trend in temperatures due to greenhouse gas emissions.
March broke global seasonal temperature records for a tenth consecutive month and attributes the conditions to El Niño intensifying the longer-term warming trend associated with greenhouse-gas emissions.
The listed prices were aluminum $2,451 per ton, antimony $13,450 per ton, cobalt $28,550 per ton, copper $9,330 per ton, gold $2,339 per troy ounce, lead $2,124 per ton, natural gas $1.79 per MMBtu, WTI crude $86.31 per barrel and zinc $2,639 per ton.
Presidents Biden and Xi held a rare phone call yesterday to try to improve mounting tensions between the two superpowers they lead.
Biden raised China’s support for Russia, Gaza, TikTok and North Korean missiles, while Xi raised economic tensions and U.S. support for Taiwan. Treasury Secretary Janet Yellen and Secretary of State Antony Blinken would visit China in the coming weeks.
Russian veto is linked to end of UN monitoring of North Korean sanctions violations
UnverifiedStrategic competitionUnited Nations
The UN is no longer monitoring the sanctions violations that helped supply North Korea with kit for building missiles like this, thanks to a recent Russian veto on a motion to extend the monitoring program. Some analysts linked Russia's veto to an weapons procurement agreement between Moscow and Pyongyang.
A Russian veto prevented extension of a UN monitoring program for sanctions violations involving North Korea. It adds that unnamed analysts connected the veto to an arms-procurement arrangement between Moscow and Pyongyang.
Insider found evidence placing 29155 members on the scene of several of the attacks. The Kremlin dismissed the report as "nothing more than baseless, unfounded accusations by the media."
The post recounts an Insider investigation assessing that Russian military-intelligence unit 29155 may have been responsible for incidents affecting U.S. personnel. The investigation placed unit members near several incidents and that the Kremlin rejected the allegations as baseless.
The listed prices include aluminum at $2,337 per ton, copper at $8,867 per ton, gold at $2,233 per troy ounce, Nymex natural gas at $1.76 per MMBtu, and Nymex WTI crude at $83.17 per barrel, alongside antimony, cobalt, lead, and zinc benchmarks.