America nearly launched into a major military confrontation with Iran. Then Trump backed off. So what happened? Ian Bremmer looks into it with one of the world's foremost Iran experts, Karim Sadjadpour. And on Puppet Regime, the gang gets back together at the G20 Summit in Japan.

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Participants and protesters hold posters opposing Japan’s Prime Minister Sanae Takaichi's administration and her policies on constitutional revision and military expansion during a Constitution Memorial Day rally in Tokyo, Japan, May 3, 2026.
REUTERS/Issei Kato.

Will Japan rewrite its rules of war? Europe meets (again) to shape its own defense destiny, US to “guide” ships through Hormuz

Natalie Johnson

Putin is increasingly paranoid, according to a Financial Times report out today. Security has been tightened, more time is being spent in underground bunkers, and the vast majority of his attention is being absorbed by Russia’s war with Ukraine. One reason of his concern is said to be Ukraine’s drone capabilities, which have demonstrated an ability to strike Russian airfields thousands of miles from Kyiv.