June 2025

A fragile ceasefire has taken hold between Iran and Israel after 12 days of intense conflict, brokered by U.S. President Donald Trump. The U.S. joined the war by striking Iranian nuclear facilities with bunker-buster bombs, though a preliminary intelligence assessment suggests the attacks only temporarily set back Iran’s nuclear program by one to two months. […]

Russia’s oil and gas revenue dropped 35% year over year in May to 512.7 billion roubles ($6.55 billion), as lower global oil prices and sanctions continued to pressure the Kremlin’s finances. Revenue also declined 53% from April, prompting the finance ministry to cut its June forecast and raise the projected 2025 budget deficit to 1.7%