What We're Watching

What We’re Watching: South Korea's election results, Ukraine strikes Crimean bridge, Sudan's government disolves

​South Korea's President-elect Lee Jae-myung waves as he leaves to meet his supporters, in Incheon, South Korea, June 3, 2025.
South Korea's President-elect Lee Jae-myung waves as he leaves to meet his supporters, in Incheon, South Korea, June 3, 2025.
REUTERS/Kim Soo-hyeon

Lee Jae-myung poised for victory in South Korea’s election

Progressive candidate Lee Jae-myung is expected to soundly defeat conservative opponent Kim Moon-soo in the Korean presidential election, with exit polls showing him winning by 12 points. Lee shifted to the center during the campaign, but his political history may indicate otherwise – his victory could also signal a more cozy relationship with long-time rival China. To read more about how his election could realign the Indo-Pacific, click here.

Ukraine strikes key Crimean bridge

Ukraine launched a powerful underwater explosion damaging the Kerch Bridge on Tuesday, a critical road and rail link between Russia and occupied Crimea. The attack, following a drone strike on Russian bombers on Sunday, signals Ukraine’s increasing reach and resolve. Peace talks remain deadlocked, and this attack is unlikely to bridge the gap.

Sudan’s new Prime Minister dissolves government amid ongoing civil war

Sudanese Prime Minister Kamil Idris dissolved the caretaker government on Sunday, just a day after taking office, signaling a major political setback amid a devastating civil war that has so far displaced 14 million people. Idris, who was to be the first civilian leader since 2022, offered no timeline for forming a new government

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European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's meeting, in Frankfurt, Germany June 11, 2026.
REUTERS/Heiko Becker

The ECB raised interest rates for the first time since 2023, becoming the first G7 central bank to act against inflation driven by the war in Iran. With the Bank of Japan poised to follow suit, pressure mounts on the US Federal Reserve to respond.