A plain-text description of this dashboard, what its headline figure means and does not mean, and its data files: llms.txt. How the index is scored: methodology.md.
Conflict arcs
US strikes Iranian air defences on Qeshm as Iran claims mined tankers
Epic Fury · Lead Development
The US struck surface-to-air missile sites on Qeshm and Hengam islands on 2 November, AP reports, citing a US official. On 4 November Iran's Guard said four tankers hit mines south of Hormuz, naming no ships. Iran says it could reopen the Strait in two days on its terms, and Qatar is drafting an interim deal.
What changed
The US moved from naming targets to hitting them: limited strikes on Iranian air defences around Qeshm on the eve of the vote, described by a US official as defensive. Two days later Iran's Guard claimed, with no outside confirmation, that four tankers struck its mines, and Iran kept talking through Qatar. Its reopening offer shrank from seven days to two, but the conditions did not change. Democrats now control Congress. Israel's chemical-weapons warning split US officials, and Gulf states called it unserious.
What to watch
Whether UKMTO or any shipowner confirms the four tankers; any further US strike or an on-record CENTCOM statement on Qeshm; Iran's response under its 'unrestricted' order; the Qatari interim deal and any US delegation; what the new Congress does on war powers; Brent, which fell to its lowest in about four weeks on 3 November.
North Korea fires missiles as Kremlin pushes a Putin-Trump-Xi meeting
US-BRICS Rivalry · Lead Development
North Korea fired several missiles toward the Sea of Japan on 4 November after denying it stole $6.3 billion from Binance. The Kremlin says a Putin-Trump-Xi meeting in China should be fixed for later this month; Beijing and Washington have not confirmed. Taiwan reported 49 Chinese military sorties in a day, its highest this year.
What changed
North Korea paired denial with launches: Kim Yo Jong called the FBI accusation a provocation and ruled out talks, and missiles followed. Moscow is trying to set the summit calendar, while Beijing stays noncommittal and Russia's defence minister praises 'unprecedented' military ties in Beijing. On Europe's northern flank, Poland and Norway moved forces toward Russia's borders after warnings of sabotage. Democrats took Congress, which may harden US policy on China.
What to watch
China's rare-earth control suspension, due to lapse on 10 November; White House or Chinese confirmation of a three-leader meeting; the Quad summit date; APEC in Shenzhen on 18-19 November; any Polish border incident; North Korean loudspeakers or a longer-range launch; Treasury action on the Binance theft.
Russia launches year's largest energy strike as Abu Dhabi talks are set
Russia-Ukraine · Lead Development
Russia fired 76 missiles and 289 drones at Ukraine's energy system on 3 November, hitting a substation serving a nuclear plant and cutting power and water in Kyiv. A strike on an aid point in Zaporizhzhia region killed at least 31. The US will host Ukraine-Russia talks in Abu Dhabi on 10-11 November; Lavrov rejected a ceasefire.
What changed
The diplomatic calendar and the air war moved in opposite directions. Washington fixed a date for the first three-way talks, while Russia mounted its heaviest strike on the grid this year on US election day and Lavrov ruled out the partial truces Kyiv wants. The Oleshky pause ended on schedule, and the Kremlin dropped talk of it as a precedent. Ukraine kept hitting refineries, striking Yaroslavl.
What to watch
Whether the Abu Dhabi round convenes on 10-11 November and at what level; further mass strikes on power and heat as winter starts; IAEA comment on the Khmelnytskyi substation; ship strikes off Romania and Bulgaria; the German aid vote; Polish border incidents.