News Analysis
Fire in Bujumbura
Attempted Coup Pushes Burundi into Chaos

A coup was attempted last night against Burundi President Pierre Nkurunziza. Government forces claim to have regained control, but the situation on the ground remains opaque as fighting continued this morning.

Unintended Consequences
Riyadh: Nuke Deal Will Make Us Get Nukes Too

The Saudis and the GCC will be venting all of their frustrations with the Iran nuclear deal on President Obama today.

Frack Baby Frack
Ingenuity Saving Shale, Stymying Saudis

The same inventive spirit that kicked off the shale boom is keeping it alive in today’s bearish oil market.

Kiev's Financial Woes
Ukraine Faces Its Western Creditors

Russians on the eastern front, creditors from the West… Ukraine is fighting a two front war.

Frack Alack
A Post-Mortem for European Shale

Shale has failed in Europe, as complex geology, entrenched local opposition and byzantine regulations have strangled the potential boom before it could begin.

The Pope and the Holy Land
Vatican Recognizes State of Palestine

New treaty marks a controversial diplomatic turning-point.

"Some Kind of Stunt"
Gulf Showdown II: Naval Boogaloo

Iran dispatches new freighter to Yemen with “aid”—and protected by warships.

Optics
Norks Execute Defense Minister With Anti-Aircraft Gun

Stunts like this are designed to make the regime look ruthless and powerful, but all the really do is expose its weakness.

Pension Meltdown
Moody’s Junks Chicago

Moody’s has downgraded Chicago’s bonds to junk status, prompting Mayor Rahm Emmanuel to accuse the company of “playing politics with Chicago’s financial future.” That’s what blue model pols have done for generations.

Hands Off ADIZ Islands
China Angry at U.S. Plans for South China Sea

China has furiously answered leaks of U.S. plans to send patrol planes and naval vessels into the South China Sea. Will the White House follow through?

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