We map how power operates across institutions, networks, markets, and the systems built to obscure it.

Independent, evidence-based analysis grounded in the public interest, tracking the systems, networks, and signals shaping global power.

For investors, policymakers, and analysts navigating geopolitical risk.

Track networks, flows, and signals shaping real-world power.

// WHAT WE TRACK

The networks, flows, and early signals that shape power before they become visible.

Sanctions and Regulatory Exposure

Where financial pressure builds before enforcement actions land.

Energy and Infrastructure Flows

The systems that move critical resources across borders.

Technology and Supply Chain Chokepoints

Dependencies that turn into leverage or disruption.

Shadow and Informal Networks

Private actors and gray-market systems shaping outcomes.

Conflict and Strategic Competition

Where states and non-state actors test the limits of rules, markets, and power.

// LATEST

A Kremlin-Backed Payments Network Shared a Dubai Address With Iran’s Arms Network

A Kremlin-Backed Payments Network Shared a Dubai Address With Iran’s Arms Network

How Moscow's digital payments platform A7, Russia's shadow fleet brokers, and an Iranian oil-smuggling network became Dubai neighbors, and what it means as Washington extends its waiver to June 17.
The Wrong Question About Russian Oil

The Wrong Question About Russian Oil

Washington's emergency crude waiver debate misses the point. The real question is what 65 days of licensed Russian oil flows built underneath — and whether that architecture can be dismantled at all.
Russia’s Shadow Fleet Didn’t Beat Sanctions. It Didn’t Have To

Russia’s Shadow Fleet Didn’t Beat Sanctions. It Didn’t Have To

57 million barrels of Russian oil moved during the Iran war while Treasury paused enforcement. The fleet did not outrun sanctions. The coalition that built them walked off the field.
Shadow Fleet Waiver Tracker

Shadow Fleet Waiver Tracker

Every vessel, every waiver, every flag change across the 30-day window when Treasury paused enforcement. The full dataset behind the Iran-war surge in Russian seaborne oil.
The Coalition That Wasn't

The Coalition That Wasn't

The U.S. stopped designating shadow fleet vessels in 2024. The EU kept going. A 549-vessel gap now defines what sanctions actually cover, and what the fleet operates inside of.
The Architecture of Evasion

The Architecture of Evasion

1,931 vessels mapped by flag tier and classification society. The two-layer evasion structure visible across every tier of the fleet, and why Western enforcement keeps missing it.
View all analysis →

// FEATURED IN & CITED BY

Congressional testimony · NATO · ICC · Eurojust

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