Skip to content
Search

Latest Stories

What We're Watching

What We’re Watching: US and Iran near mini-deal, Europe election extravaganza, Diss tracks at Eurovision

US President Donald Trump on the cover of a newspaper in Tehran, Iran, on May 11, 2025.

An Iranian newspaper with a cover photo of US President Donald Trump and US Middle East envoy Steve Witkoff, is seen in Tehran, Iran, on May 11, 2025.

Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

US and Iran edge toward “mini-deal” on nukes

US President Donald Trump said Thursday that the US and Iran have “sort of” agreed on terms for a nuclear deal, one day after a top Iranian adviser said Tehran is willing to eliminate weapons-grade uranium, limit enrichment, and allow international inspections — if sanctions are lifted immediately. But dismantling their nuclear program or ability to enrich uranium, as per the Iran nuclear deal negotiated in 2015, is off the table.

“While a full-scale deal like the [2015 deal] appears unlikely, both sides are showing interest in a limited ‘mini-deal’ that reduces tensions and creates more space for diplomacy,” says Eurasia Group Iran expert Gregory Brew. “A win for Trump and for his new friends in the Gulf.”


Election extravaganza: Big weekend for Europe

There will be a trio of elections on the continent this Sunday. Here’s a quick roundup of who’s voting and where.

Poland: The first round of the presidential election takes place this weekend, pitting Warsaw Mayor Rafał Trzaskowski, a centrist, against the right-wing Law and Justice leader Karol Nawrocki. The election will be a harbinger of Poland’s alignment with the European Union at a vital time for the bloc. Polls have Trzaskowski ahead, but well short of 50%, which means there will likely be a runoff between the two front-runners on June 1.

Portugal: The Iberian nation is holding its third election in as many years, leaving some of the electorate fed up with its stagnant government. Polls suggest the situation isn’t about to get better: Prime Minister Luis Montenegro’s center-right Democratic Alliance is ahead but doesn’t have enough support to gain a working majority.

Romania: Of all the elections this weekend, it’s the one in Bucharest that is garnering the most attention, after the Romanian Constitutional Court barred nationalist candidate Călin Georgescu from running over allegations of Russian meddling. George Simion has filled Georgescu’s shoes and will seek to triumph over the pro-EU candidate Nicusor Dan. With polls tied, the race is on a knife-edge.

At Eurovision 2025: Glitter, geopolitics, and a sauna diss track

Europe’s glitter-soaked, pyrotechnic-powered music competition fever dream — otherwise known as the Eurovision Song Contest — takes place Saturday at 9 p.m. CET (3 p.m. ET). It’s part talent show, part geopolitical popularity contest, and fully unhinged fun.

Unlike in the past two years, politics is taking a relative back seat this time around. However, there are two diss tracks. Sweden’s “Bara Bada Bastu” — the odds-on favorite — roasts Finland’s love of saunas, while Estonia’s viral “Espresso Macchiato” mocks Italian language and American work culture. Mamma mia!

More For You

​Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.

Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.

Sputnik/Alexander Shcherbak/Pool via REUTERS
Trump relaxes Russian oil sanctionsThe US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily [...]
A foreign tanker carrying Iraqi fuel oil damaged following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, on March 12, 2026.​

A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq's territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, on March 12, 2026.

REUTERS/Mohammed Aty
Iran’s focus: closing the StraitThe Islamic Republic will continue its efforts to block the Strait of Hormuz, according to a statement this morning attributed to new Supreme Leader Mojtaba Khamenei. The statement highlights Tehran’s strategy: identify easier targets (the Strait is narrow) that have maximum impact. Speaking of which, Iraq suspended [...]
​The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.

The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, March 11, 2026.

ROYAL THAI NAVY/Handout via REUTERS
US and allies desperately try to cool frightened oil marketsIran has been upping its threats against the world’s oil supply, striking at least one cargo ship yesterday and reportedly laying mines in the Strait of Hormuz, the waterway near Iran through which 20% of global oil supply passes. Its military command even suggested that the world should [...]
Sanae Takaichi announces running for presidential election of the LDP

Sanae Takaichi announces running for presidential election of the LDP

Aflo via Reuters
Japan strikes rare earths deal with largest non-Chinese producerAustralian mining giant Lynas will sell rare earths to Japan for 12 years in a major pact meant to chip away at China’s dominance of the global market. The highlight of the deal is that it sets a minimum price of $110 per kilogram of the minerals. That is the same “price floor” that [...]