- Washington is pairing diplomacy with military pressure on Iran. The USS Gerald R. Ford carrier strike group entered the Mediterranean last night and is expected to arrive off the coast of Israel on Sunday. The State Department also imposed visa restrictions on 18 Iranian telecommunications officials over repression and censorship. Oman-hosted indirect talks in Geneva produced little progress, though U.S. officials say Iran is preparing a written proposal that could move negotiations toward concrete commitments. - In Iraq, Baghdad is awash with claims that the U.S. is floating sanctions against figures backing Nouri al-Maliki’s bid to return as prime minister, and possibly against key financial and oil institutions, deepening strains inside the largest political bloc. - Russia and Ukraine traded long-range attacks while the front moved only marginally across Sumy, Donetsk, and western Zaporizhzhia. - President Donald Trump’s remarks about discussing future Taiwan arms sales with Xi Jinping complicated the U.S.-China agenda ahead of an April summit. - Indonesia and the U.S. announced $38.4bn in commercial deals as tariff talks near a broader pact. - Washington clarified Venezuela oil-payment rules as U.S. refiners pursue PDVSA crude. - South Korea sentenced former president Yoon Suk Yeol to life for insurrection tied to a December 2024 martial-law attempt. |
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Center of Gravity
What you need to know
U.S. bolsters Mediterranean presence as Iran prepares proposal after Geneva talks
The United States is reinforcing its military posture in the eastern Mediterranean as diplomatic contacts with Iran continue, combining visible force projection with calibrated political pressure.
A carrier strike group centered on the USS Gerald R. Ford transited the Strait of Gibraltar overnight, entering the Mediterranean en route to join forces already operating under U.S. Central Command. The Ford group is expected to integrate operationally with the carrier strike group built around the USS Abraham Lincoln, which is already deployed in the Arabian Sea and Persian Gulf area.
Open-source maritime tracking accounts suggest that the Ford could be positioned off the coast near Haifa by Sunday. The Pentagon has not formally confirmed that timeline, and it should be treated as an estimate based on transit speed and last reported location rather than an official deployment announcement. Even so, a dual-carrier presence would represent a substantial concentration of U.S. naval airpower in the region.
The buildup comes as Washington increases pressure on Tehran through targeted measures. The U.S. Department of State announced new visa restrictions against 18 Iranian officials and leaders in Iran’s telecommunications sector, citing involvement in repression and censorship. The move is intended to impose costs on individuals without widening economic sanctions in a way that would complicate ongoing diplomacy.
At the same time, indirect talks between U.S. and Iranian representatives in Geneva, hosted by Oman, have produced what officials described as modest progress. U.S. officials said Iran is expected to submit a written proposal following the latest round. Such a document would shift discussions from general principles to specific commitments, potentially covering enrichment limits, verification mechanisms, the sequencing of sanctions relief, and regional security arrangements.
The emerging posture reflects a dual-track strategy: sustain negotiations while strengthening deterrence. A reinforced naval presence in the eastern Mediterranean points to readiness to defend U.S. interests and partners, including Israel, if talks falter or regional escalation follows. Targeted visa restrictions are intended to maintain pressure without closing diplomatic space.
In the coming days, attention will focus on two variables: the substance and scope of Iran’s written proposal, and whether Washington takes additional steps to raise pressure or moves toward a negotiated framework.
Known Unknowns: The impact of U.S. tariffs on international trade & especially the U.S. bond market. Whether the U.S. and Iran will restart nuke talks, or whether another round of conflict will occur between the US, Israel, Iran, and their respective allies. Relations of new Syrian government with Israel, international community & ability to maintain stability inside Syria. China’s triggers for military action against Taiwan. U.S. and allied responses to China’s ‘grey zone’ warfare in the South China Sea and north Asia. Ukraine’s ability to withstand Russia’s war of attrition. The potential for the jihadist insurgency in Africa’s Sahel region to consolidate and spread.
The Middle East
Birthplace of civilization
Baghdad heats up as U.S. sanction talk shadows al-Maliki’s bid
Washington is again being cast as the unseen hand in Iraq’s government-formation drama. In Baghdad political actors are trading claims that the U.S. is floating sanctions against figures backing Nouri al-Maliki’s attempt to return as prime minister, and is even considering measures that could hit core state institutions such as the Central Bank of Iraq (CBI) and the State Oil Marketing Organization (SOMO). Local and regional sources have reported to us variations of the same warning: keep al-Maliki as the nominee and Iraq’s access to dollars and oil revenues could face genuine American pressure.
The backdrop is a nomination that has widened existing cracks inside the Coordination Framework, the Shiite coalition that dominates government-making. The bloc formally nominated al-Maliki in late January, presenting the choice as a sovereign decision. But the U.S. position has been unusually direct in public.
In Baghdad, the immediate question is not only whether the threats are credible, but how they are being used. Al-Maliki has resisted stepping aside voluntarily, according to multiple accounts of intra-bloc discussions. Instead, he appears to prefer being formally pushed out by the Coordination Framework, so the political cost of yielding to Washington is shared by the coalition rather than borne by him alone. That logic matters inside a camp where rivals watch for weakness, and where any retreat under foreign pressure can be turned into ammunition in the next round of bargaining.
For al-Maliki’s critics, the statesmanlike exit ramp is obvious: withdraw “for the good of the country” and spare Iraq a confrontation that could ricochet through banking, oil marketing, and public finances. For his supporters, the argument is that Iraq’s premiership should not be decided by threats from abroad.
If the sanction talk hardens into policy, the leverage points are straightforward: SOMO’s ability to market oil and route payments, the financial system’s access to dollars, and the political class’s exposure to targeted measures. Whether Washington actually pulls those levers, or merely wants the threat to do the work, is what Iraqi leaders are now gaming out, as the Coordination Framework searches for a way to change course without admitting it was compelled.
Cold War 2.0
It’s the U.S. vs China, everyone needs to pick a side
Russia and Ukraine trade strikes as ground fighting grinds on
Russia and Ukraine exchanged long-range attacks over the past day as fighting along the front remained intense, particularly in Donetsk region, and both sides reported incremental ground changes in multiple sectors. Russia claimed progress in Sumy, while Ukrainian government and social media accounts described fresh Ukrainian advances on the western Zaporizhzhia front, underlining a now familiar pattern: small shifts on the map alongside escalating strikes behind the lines.
In northeastern Ukraine, Russian state media quoted the defense ministry as saying Russian troops seized the village of Kharkivka in Sumy region. In the Donbas, the Ukrainian monitoring group DeepState reported a Russian advance near Nykyforivka in Donetsk region. Donetsk’s governor, Vadym Filashkin, said evacuations continued from front-line areas, with 173 people, including 135 children, moved out over the past day.
At the same time, Ukrainian forces appeared to be pressing a localized counteroffensive on the Komyshuvakha axis in western Zaporizhzhia, with reported advances across three adjacent sectors amounting to roughly 4.61 square kilometers. The fighting has centered on small settlements, treelines, and drainage features that shape movement under persistent drone surveillance, with the M18 highway emerging as a practical near-term objective for supply and maneuver.
In Prymorske, Ukrainian troops were reported to have fought through the village, crossed the Pererva Gulley, secured the centre, and pushed into southern streets, where positions now overlap and clashes are described as intense. Units then cleared remaining sections of the gulley and advanced southeast along Hnidoho Road toward the M18. Further east, Ukrainian elements reportedly crossed the same gulley, moved along the M18 corridor, took treeline positions, and entered parts of central Plavni. To the southeast, Ukrainian forces also secured ground north of Stepnohirsk and along its northern streets, widening the contested zone. Russian troops were said to retain the central high-rise district, a defensible anchor that can provide observation and durable strongpoints, but Ukrainian pressure appeared to be building.
Behind the lines, Ukraine was reported to have struck energy-related targets inside Russia. A Ukrainian security-service official said that drones hit an oil depot in Russia’s Pskov region, triggering explosions and a fire. Russian regional authorities also reported damage and disruptions in Belgorod after attacks they attributed to Ukraine. Russia’s defense ministry said its air defenses shot down 155 Ukrainian drones over a 24-hour period.
Russia also launched overnight drone attacks into Ukraine, according to Ukraine’s Air Force, which said most were intercepted or jammed, though impacts were reported at several locations. Regional authorities reported casualties and damage, including a ballistic-missile strike in Chernihiv and attacks in Zaporizhzhia. Ukraine’s energy ministry reported power outages affecting parts of Odesa region.
On the narrow measure of reported front-line movement in this 24-hour snapshot, Russia appears to have the upper hand, with claimed gains in Sumy and a reported advance in Donetsk. Ukraine, however, is also registering localized momentum in Zaporizhzhia while continuing to impose costs through strikes on targets inside Russia. The net picture remains one of attritional, uneven fighting: small tactical shifts on the ground paired with a widening campaign of long-range attacks.
Trump’s Taiwan comments & Xi’s Iowa outreach jolt agenda ahead of April summit
The latest developments in U.S.-China relations have been driven by Taiwan and preparations for the April summit between the two leaders, after President Donald Trump said he has been discussing potential future U.S. arms sales to Taiwan with President Xi Jinping.
Trump’s remark has drawn attention in Taiwan because longstanding U.S. policy statements have emphasized that Washington does not consult Beijing on arms sales to Taipei, even as the U.S. remains Taiwan’s main arms supplier despite the absence of formal diplomatic ties. American media have also reported internal debate over whether additional packages for Taiwan should proceed before Trump’s planned trip to China in April.
Separately, Xi sought to cushion people-to-people ties from geopolitical strain in a message to contacts in the U.S. state of Iowa, saying that, regardless of how bilateral relations evolve, the desire of the two peoples for exchanges and cooperation would not change.
Xi Jinping’s connection to Iowa is unusually personal for a Chinese leader. In 1985, he visited Muscatine as part of an agricultural delegation and stayed with a local family while touring farms and agribusiness facilities.
He returned in 2012, by then China’s vice president, to revisit Muscatine and meet some of the same people, using the trip to highlight “people-to-people” ties.
Beijing has since treated the Iowa story as a useful symbol of goodwill with America’s heartland, while Iowa’s outsized farm exports to China, especially soybeans and pork, give the relationship a practical economic edge as well.
U.S. Foreign & Trade Policy
America first
Indonesia & U.S. lock in $38.4bn in commercial deals as trade pact edges closer
Indonesian and American firms signed 11 agreements in Washington ahead of a planned meeting between President Prabowo Subianto and President Donald Trump, as negotiators seek to finalize tariff terms.
Indonesian and U.S. companies signed a package of trade and investment agreements, valued by Indonesian officials at about $38.4bn, as the two governments move toward a broader reciprocal trade agreement.
The 11 agreements were signed around a U.S. Chamber of Commerce dinner in Washington attended by President Prabowo Subianto. They span mining, energy, agribusiness, textiles, furniture, and technology. Indonesian officials have presented the package as part of an effort to strengthen ties and reduce Indonesia’s trade surplus with the U.S.
Several of the reported commitments target U.S. export categories that carry political weight in Washington. They include Indonesian purchases of U.S. agricultural commodities such as soybeans, corn, cotton, and wheat.
In resources and energy, officials highlighted an understanding involving Freeport-McMoRan and Indonesian counterparts linked to critical minerals, and a collaboration between Pertamina and Halliburton focused on improving oil recovery. Two semiconductor joint ventures were also cited, including one reported at $4.89bn.
The commercial announcements come as Jakarta seeks tweaks to the tariff outcome set out in last year’s U.S.-Indonesia framework. Under the July 2025 framework, Indonesia said it would eliminate about 99% of tariff barriers for U.S. goods, while the U.S. would reduce its “reciprocal tariff” on Indonesian goods to 19% from a previously threatened 32%. Indonesian officials have indicated they are still pressing for a slightly lower rate.
The next test is whether the announced agreements translate into executed contracts and shipments, and whether negotiators can close remaining gaps on tariffs and non-tariff issues before leaders sign a final trade package.
Latin America
The new Monroe Doctrine & the Trump Corollary
U.S. clarifies oil payment rules as refiners pursue Venezuelan crude deals
In Washington, the U.S. Treasury Department issued guidance on how oil companies operating in Venezuela must handle payments to the Venezuelan government, following a series of recent sanctions easings.
Under the guidance, local taxes, permits, and fees may be paid directly to Venezuelan authorities. Royalties, fixed levies, and federal taxes, however, must be deposited into U.S.-managed Foreign Government Deposit Funds, according to a Treasury Department FAQ.
As previously reported, Qatar’s prime minister and foreign minister, Sheikh Mohammed bin Abdulrahman al-Thani, arrived in Venezuela on 17 February for a diplomatic visit. Venezuelan Foreign Minister Yvan Gil received him, according to state television footage. Qatar is clearly seeking to build a position in the Venezuelan hydrocarbons sector in cooperation with the U.S.
The guidance follows two general licenses issued earlier in February by the Treasury’s Office of Foreign Assets Control, which loosened longstanding U.S. restrictions and allowed broader engagement by U.S. and international energy firms in Venezuela’s oil sector.
In the private sector, major U.S. refiners, including Phillips 66 and Citgo Petroleum, have been reported as seeking to buy Venezuelan crude directly from Petroleos de Venezuela (PDVSA), rather than through intermediaries.
The refiners’ efforts come as PDVSA adjusts its sales practices. The state company has been selling oil only to firms holding individual U.S. licenses, a constraint that has complicated exports under broader general-licensing arrangements.
The Treasury’s clarification and refiners’ interest add to a changing commercial and regulatory environment for Venezuelan crude exports as U.S. policy continues to evolve.
Watchlist
South Korea sentences Yoon Suk Yeol to life in prison for insurrection
South Korea: A court has sentenced Yoon Suk Yeol, a former president, to life imprisonment after convicting him of insurrection linked to his attempt to impose martial law in December 2024.
The ruling follows months of proceedings over claims that Yoon tried to breach constitutional limits on executive power during a political crisis. Prosecutors argued that his move amounted to an attempt to overturn the democratic order; defense lawyers said it was a lawful response to national instability.
The verdict ranks among the most consequential judicial actions against a former head of state in South Korea’s modern history.
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What happened today:
197 - Battle of Lugdunum: Septimius Severus defeats Clodius Albinus. 1674 - Treaty of Westminster signed, ending the Third Anglo-Dutch War. 1846 - Texas state government formally installed in Austin after U.S. annexation. 1861 - Alexander II issues the Emancipation Manifesto freeing Russia’s serfs (Old Style).. 1942 - Japanese air raid on Darwin, Australia. 1942 - Executive Order 9066 signed in the U.S., authorizing Japanese American internment. 1954 - Soviet decree orders transfer of Crimea from the Russian SFSR to the Ukrainian SSR. 1959 - London and Zürich Agreements signed, setting terms for Cypriot independence. 1978 - Egyptian commando raid at Larnaca International Airport ends in a firefight with Cypriot forces. 2008 - Fidel Castro announces his resignation as President of Cuba



