Executive Summary: Moscow seeks to boost its struggling economy through increased development of the International North-South Transport Corridor (INSTC) as a real competitor to the Suez Canal and the Bosphorus Strait. Moscow wants the INSTC to open pathways to new markets that circumvent Western monitoring... MORE

Executive Summary:  Armenia has announced it is suspending cooperation with the Moscow-dominated Collective Security Treaty Organization (CSTO), a signal that Yerevan may soon reduce or even end other forms of cooperation with Russia. The almost universal assumption that Armenia, because of its geographic location and... MORE

Executive Summary Thailand has managed to secure the release of its 18 hostages from Hamas with the help of a Thai professor at al-Mustafa International University in Qom, who acted as a mediator. Thailand has avoided taking an explicitly critical position on Hamas, despite the... MORE

Executive Summary Islamic State in Khorasan Province (ISKP) conducted two massive bombings at Qassem Soleimani’s grave on January 3, killing over 90 people and injuring 300 others. The attack was the deadliest terrorist incident in Iran since 1979. Iran and its proxies retaliated against many... MORE

Executive Summary: BeiDou enhances both the PRC’s strategic autonomy and its influence across the world. It has signed agreements with numerous countries to expand its use, including for military applications. An interoperability agreement with the US government diminishes the strategic value of GPS by eliminating... MORE

Executive Summary Iran’s supply of surface-to-surface ballistic missiles to Russia is unprecedented, further diminishing any room for rapprochement between the West and Tehran. Tehran and Moscow’s military cooperation has been steadily growing and is nearing a formal alliance. The new interstate treaty will shape bilateral... MORE

Executive Summary: Iran and Russia have steadily strengthened their bilateral cooperation over the past couple of years, primarily based on the destruction of common adversaries, a shared ideological alignment, and expanded military collaboration. Tehran and Moscow have intensified their arms trade and technical assistance on... MORE

Executive Summary: The US airstrike targeting terrorist bases in Iraq and Syria challenges Russia's Middle East dominance, prompting Moscow to reassess its strategic ties, especially with Israel. Moscow's unequivocal pro-Palestinian stance overlooks regional dynamics, alienating key players like Egypt and Saudi Arabia, who oppose Hamas.... MORE

Executive Summary Following a week of hostility after tit-for-tat missile and air strikes, Iran and Pakistan have deescalated tensions and normalized relations, though Jaish al-Adl—the proximate cause for the recent crisis—remains an active threat to regional stability. Jaish al-Adl is an anti-Shia Islamist militant group... MORE

Executive Summary: Iran has granted Armenia access to its Chabahar and Bandar Abbas ports to facilitate Yerevan’s trade access to India. The proposed east-west transit route will serve as a supplemental component of the International North-South Transport Corridor in facilitating greater regional trade. Armenia has... MORE