The World Watches
Today in The World Watches, we focus on Iran’s cascading currency collapse and widening protests. Overnight, crowds in Tehran, Isfahan, Shiraz, and Mashhad defied tear gas as the rial’s slide deepened pressure on food and fuel. The government offered dialogue; bazaars shuttered; the central bank chief resigned. This leads because economic freefall is colliding with political fragility and regional reach: a 1.3 million-to-1 exchange rate, 40% inflation, shrinking middle-class buffers, and a proxy network already strained in Lebanon, Gaza, and Yemen. The risk is not just street clashes—it’s whether a cash-starved state can sustain external commitments while meeting domestic demands.
Global Gist
Today in Global Gist, we scan the hour’s developments.
- Middle East: Heavy rains flooded displacement camps in southern Gaza, destroying shelters as ceasefire violations and aid bottlenecks persist. Saudi Arabia bombed a Yemen arms shipment it linked to UAE-backed separatists; Abu Dhabi denied involvement, underscoring a sharp Saudi–UAE rift.
- Europe/Eastern Europe: Eurostar halted all Channel Tunnel services after a power failure, stranding travelers. Russia publicly showcased nuclear‑capable Oreshnik hypersonic missiles in Belarus, after weeks of satellite-confirmed staging near an eastern airbase. Ukraine peace discussions continue, with the U.S. floating 15‑year guarantees—short of Kyiv’s ask.
- Africa: Central African Republic voted as President Touadéra seeks a third term under heavy Russian backing. Nigeria said it restored power after a partial grid collapse; the U.S. reportedly struck a Venezuelan shore facility as part of a broader pressure campaign. More than 3,000 migrants died attempting to reach Spain this year.
- Indo‑Pacific: Thailand–Cambodia maintained a fragile ceasefire after weeks of border fighting that displaced over half a million; drone overflights and detainees remain unresolved. China’s encirclement drills around Taiwan continued to frame a blockade capability.
- Markets/Tech/Policy: The U.S. plans new China chip tariffs in 2027; Reuters reports China now requires at least 50% domestic tools in chip capacity additions. Meta will buy AI startup Manus; Microsoft signals “founder‑mode” urgency on AI competition. Ontario tightens impaired‑driving laws in 2026; Lebanon advanced a “gap law” to address depositor losses.
Global Gist—what’s missing: Our review finds severe undercoverage of Sudan’s Darfur, where El‑Fasher fell after an 18‑month siege; satellite analyses indicate mass killings and confirmed famine pockets. Haiti’s state failure persists: over a million displaced, gangs controlling arteries, and a still‑unclear international mission. Myanmar’s “invisible crisis” shows deepening hunger and displacement with scant daily coverage. In the U.S., ACA subsidies expire tomorrow; 22–24 million face premium shocks before a promised January 5 vote.
AI Context Discovery
Historical searches performed for this analysis:
• Sudan Darfur El Fasher genocide and famine (6 months)
• Haiti security collapse and displacement 2025 (6 months)
• Thailand-Cambodia border war 2025 displacement and ceasefire (6 months)
• Myanmar humanitarian crisis food insecurity and conflict 2025 (6 months)
• Belarus Oreshnik hypersonic missile deployment and implications for NATO (6 months)
• Iran currency collapse, protests, and regime stability 2025 (6 months)
• US Affordable Care Act subsidies expiration Dec 31, 2025 impacts (3 months)
Top Stories This Hour
China flexes blockade capabilities near Taiwan on second day of military drills
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• Taiwan