Publications

Global defense demand is structural, driven by tensions, rising budgets and new warfare. Europe faces gaps in air defense, drones, long-range fires and ammunition, while Türkiye can complement it through co-production and supply-chain partnerships. Future competitiveness will depend on AI, autonomy, cyber and space.

The UN Assembly opens amid simultaneous wars in the Middle East and Europe. Middle East conflict widens as Houthi advances threaten a second strategic maritime corridor. Russia and Ukraine intensify long-range strikes ahead of high-level UN diplomacy.

Europe faces winter with a narrow margin in the gas market. Storage levels are lower than last year, while competition with Asia for shipments and disruptions to Gulf flows are increasing pressure, pointing to a high-price scenario.

Houthis seize strategic Red Sea islands as Yemen fighting intensifies. Ukraine offers reciprocal halt to strikes on infrastructure. NATO warns of Russian escalation close to Polish territory.

Russia launches major missile and drone attack on Kyiv after pause during US diplomatic visit. Houthi attacks on Saudi Arabia. US expands maritime campaign against Ecuadorian vessels allegedly linked to drug-trafficking.

Global climate governance has moved from framework-building to delivery. Despite progress, implementation and ambition remain off track for Paris. COP31 should therefore be judged by whether commitments translate into measurable, financed, accountable and climate-consistent action.

Middle East tensions have triggered high oil market volatility. The closing of the Strait of Hormuz created upward price pressure, but global reserves limited the impact to 4%. Uncertainty remains, with price scenarios dependent on the conflict's evolution and US political factors.