Ukraine

How might the ayatollahs know an American strike force is coming? Advanced radar technology, perhaps, or a mole somewhere in the Pentagon. Or they could just look at Polymarket. There is currently around $125 million wagered in the largest market predicting when the US will next strike Iran. Given the current odds, traders reckon an attack will take place in the second half of this month. If Nicolás Maduro had checked Polymarket on the night of January 2, he would have seen his odds of losing power spike from around one in ten to 66 percent, hours before Delta Force arrived. One trader has racked up $150,000 in profits in seven months, placing trades on military activity by Israel Polymarket and its competitor Kalshi are prediction markets.

Last week was one of realpolitik, Trump-style. Greenland was sorted, the "New Gaza" unveiled, and all that was left was Ukraine and Russia. Donald Trump went from Davos back to the US but ordered his special envoys to Abu Dhabi, armed with the president’s formula for ending the war in Europe, to get a deal to stop the killing and destruction. As the envoys from the US, Russia and Ukraine opened the talks on Friday in the capital of the United Arab Emirates, none of the pre-signaling indicated that a breakthrough was in the offing. Two days were allotted for the meetings, in the expectation that it wouldn’t just be a rehash of the same, familiar arguments.

Boris Johnson has urged European leaders to hand $247 billion of frozen Russian central bank assets to Ukraine – but says he fears they “lack the courage” to do so, in an interview with The Spectator. The former British prime minister also warned that Trump is at risk of “morally polluting” himself if he caves to Putin’s demands in peace negotiations and encouraged his negotiating team to stop the “nauseating deals” they are discussing about joint business ventures.“I think Europe is at a very difficult point because Europe has got to do the reparations alone,” Johnson said. “And I'm worried that they lack the courage. They must do it. I think that's the only way to get the Americans to take Europe seriously.

No one ever tucked themselves up in bed to read a government document – at least not in the expectation of enjoying it. The standard format is one of hundreds of pages of impenetrable jargon yielding no more than nuggets of significant ideas. The Trump administration has admirably cut through that tendency to produce a National Security Strategy (NSS) that is worth reading: a coherent outlining of America’s strategic intentions on the world stage. Originally composed by Michael Anton, a brilliant mind who is sadly leaving the State Department, the document concisely lays out a Trumpian vision of America’s role in the 21st century.

Kyiv has stripped the Russian language of its protection under Europe’s Charter for Regional or Minority Languages. Culture warriors at home and abroad have hailed this as a victory; in truth, the move strikes out at millions of Russophone Ukrainians, divides the country and confirms some of Putin’s claims about Ukraine. In a war of survival, splitting Ukraine and feeding Putin’s propaganda is not a cultural sideshow. It is suicide. With his slight frame and warm, modest face, Pavel Viktor looks more like a parish priest than a political firebrand. In reality he is a physics teacher in Odessa, known to millions of Ukrainian schoolchildren for his experimental YouTube lessons. He remains in Odessa under bombardment and at 71 is still teaching.

The Kremlin pulled out all the stops for the visit of Donald Trump’s son-in-law Jared Kushner and special envoy Steve Witkoff to Moscow yesterday. Accompanied by Putin’s envoy Kirill Dmitriev, Witkoff and Kushner strolled through crowds on Red Square with minimal security after lunching at a fancy restaurant on Petrovka street. Not coincidentally, Chinese foreign minister Wang Yi was also in town for a meeting with Russian Security Council head Sergei Shoigu, where Russia affirmed its support for Beijing’s One China policy.  It was a sophisticated piece of great power signaling intended to send a multi-part message to Donald Trump.