Dollars and Sense
Exxon's Gulf plants ran at 95 percent last quarter, Chevron's at 97, Shell's above 102. Those numbers look like strength. They describe an industry...
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National Security Journal
The Treaty
Dr. Andrew Latham argues the Oman-Iran corridor taking shape is an off-ramp Trump can take — but not the settlement he described. Baghaei's own...
Military Hardware: Tanks, Bombers, Submarines and More
Professor Andrew Latham reads the blockade numbers: non-Iranian Hormuz transits collapsed to a fraction of last year's while Iran-linked traffic barely dipped, moving inside...
Dollars and Sense
The outrage over firing a costly missile at a cheap drone misses the point, Dr. Andrew Latham argues: the problem is not the price...
Military Hardware: Tanks, Bombers, Submarines and More
Three tankers loaded with Saudi crude for Asia reversed course in the Red Sea on Tuesday and headed for Suez instead. Nobody fired at...
Military Hardware: Tanks, Bombers, Submarines and More
Russia has spent two years running a deniable campaign of sabotage, cable-cutting, and cyberattacks against NATO states, a scholar argues — pressure built to...
Dollars and Sense
Dr. Andrew Latham argues the Strategic Petroleum Reserve — down 99 million barrels to a 1983 low, worth about sixteen days of prewar Hormuz...
Ukraine War
The numbers say Russia is failing: 1.4 million casualties, advances measured in meters, losses outpacing recruitment. But this analysis argues the West is making...
Ukraine War
When Putin admitted Russia's fuel shortages, he meant to look like a state in control. Instead he confirmed what Ukraine has quietly engineered: not...