Owen Matthews

The infamous "Memorandum of Understanding" between the United States and Iran has broken down. One of the major points of failure has been the disagreement over which side controls the Strait of Hormuz.  Yesterday, President Donald Trump abruptly declared that his country should now be known as “THE GUARDIAN OF THE HORMUZ STRAIT" and "as such, as a matter of fairness, will be reimbursed at the rate of 20 percent on all cargo shipped." "POTUS is absolutely right," replied Abbas Araghchi, Iran’s foreign minister, on X. "Whoever provides secure and safe passage of commercial vessels through the Strait of Hormuz should be compensated for this service. Iran has always been the GUARDIAN of the Strait and will remain so FOREVER. 20 percent is of course too much. We will be fair.

Donald Trump has made it clear that he’s attending this year's NATO summit in Ankara for one reason only: “respect for President Erdoğan.” Trump told NATO’s Secretary General Mark Rutte last month that if it hadn’t been for the veteran Turkish President’s invitation, “I don't think I would have gone to it.” NATO’s summit will, therefore, be dominated by the alliance’s two most militarily powerful and at the same time most problematic members. Trump seems set on pursuing his long-held goal of making Europe pay for its own defense, while Erdoğan is determined to leverage his strategic relationship with the US, Russia and Ukraine to scrap restrictions on Turkish purchases of US military hardware.

As dark clouds of burning oil billow like thunderheads on the skyline of Moscow and black rain falls across the capital, why does Vladimir Putin fail to see that something fundamental is changing in the dynamic of his war? Why, when Donald Trump effectively agreed to hand over every inch of the Ukrainian territory Russia has captured and offered the Kremlin an easy off-ramp studded with juicy business deals, did Putin refuse? And why, for that matter, did the Russian President choose to launch his full-scale invasion of Ukraine in the first place? One answer is that Tsar Vladimir is mad, so blinded by his imperialist ambitions that he deliberately chooses to ignore the reality of a crashing economy, half a million dead fellow countrymen and a war that is obviously unwinnable.

Volodymyr Zelensky stood proudly on the steps of 10 Downing Street this week, flanked by Sir Keir Starmer and the leaders of France and Germany, ready to discuss Europe’s latest package of support for Ukraine’s ongoing war effort. Though the conflict has, as of this week, lasted longer that the first world war, Zelensky is in some ways in the most heroic period of his presidency. Ukraine not only continues to stand firm against intense Russian assaults but also seems to be regaining a strategic advantage with its long-range drone strikes. Europe has stepped up to replace US funding and diplomacy and the fall of Hungary’s Viktor Orban has unlocked a €90 billion loan package. Yet it is also the most sordid period of Zelensky’s presidency.

A week after Donald Trump was greeted in Beijing by well-orchestrated crowds of flag-waving schoolchildren, it was Vladimir Putin’s turn to pay a visit to China’s Red Emperor. Protocol-watchers spotted a distinctly lower level of pomp and circumstance afforded to Putin than to Trump – though Kremlin media were quick to emphasise that this was a working meeting, the latest of over 40 Putin-Xi summits over the last two decades. Both sides paid formal homage to the ongoing strength of the Dragon-Bear alliance. Xi observed that relations between Beijing and Moscow were at ‘the highest level of comprehensive strategic partnership’, as he called on both countries to oppose ‘all unilateral bullying’ in the international arena.

A year ago, Russia marked the 9 May Victory Day celebration with a spectacular display of fireworks that lit up the Moscow sky. This year the fireworks have again been spectacular – but this time they have been caused by long-range Ukrainian attack drones slamming into refineries, pumping stations and factories deep inside Russia. In the Black Sea port of Tuapse, fireballs of burning gasoline 15 storeys high erupted over the local oil refinery, while rivers of burning fuel ran down the city’s streets. Firefighters took three days to extinguish the inferno, which created a plume of smoke so high it was filmed by skiers from the slopes of the Caucasus mountains more than 60 miles away.

Ukraine and Russia are exhausted. Neither side is close to defeat and yet discontent is growing on both sides. In Russia, open criticism of the regime is spreading. Social media influencers have, bizarrely, led the charge. In Ukraine, fury is directed at press gangs who hunt down young men and force them, often violently, into the army. Today, the chances of some kind of political crisis in either Kyiv or Moscow seem more likely than a great breakthrough on the battlefield.  In Russia, there was a rare example of the Kremlin responding to criticism earlier this month when influencer Viktoria Bonya posted an Instagram video addressing Vladimir Putin. “The people are afraid of you, artists are afraid, governors are afraid,” she said. “There is a big wall between you and the people.