The United States is increasing support of its Iraqi and Kurdish allies and escalating attacks on its jihadist enemies. Islamic State's long-term plan, though, remains on track.
A military escalation in Iraq depends on Washington's assessment of the Islamic State's power and intentions. But the jihadis are also thinking hard about their next target.
After its four-week bombardment, a three-day ceasefire reveals that the ground has shifted under Israel.
Argentina's president, Cristina Kirchner, refuses to accept that the country has defaulted on its debts. But her denial can only make things worse.
A revived Taliban insurgency and alarming military revelations cast a new shadow over United States strategy in Afghanistan.
China and Russia are at the heart of the world's shifting power-balance. But current cooperation between them is likely to give way to tension.
The shock to Israel's system from the intense conflict in Gaza is profound.
The Ukraine and Gaza crises alike demonstrate the risks of aggressive policy based on short-term calculations. Vladimir Putin and Binyamin Netanyahu's war-as-politics invites damaging long-term consequences.
Israel's conflict with Hamas highlights its close partnership with the United States over missile defence. But it also deepens Washington's regional worries over Syria, Iraq, Hizbollah, and Iran.
ISIL's planners are looking beyond the military stalemate in Iraq. In this context, Israel's attacks on Gaza are a gift to the movement.
An unlikely alliance of four states is coalescing to oppose the ISIS advance in Iraq. But the group may not wait to be challenged.
The extended legal fallout of Argentina's default in 2001 is reaching a crucial stage, with realism now at a premium.
