Decipher Index

Armed Conflicts elicits the highest PFI this week. U.S. Secretary of State Blinken was in the U.K., meeting with his counterparts to discuss various issues, including the war in Ukraine. Russia’s so-called ‘shadow’ oil fleet was at the top of the agenda, with the U.K. announcing fresh sanctions on 10 of those ships. Additionally, U.S. and U.K. leaders formally accused Iran of sending missiles to Russia for use against Ukraine. Indo-Pacific security and the Gaza ceasefire plan were also discussed. British Foreign Secretary Lammy informed Blinken that the U.K. has no plans to suspend additional arms to Israel in the short term.

‍Sustainability and Environment is this week’s highest mover, followed closely behind by Climate Change. The EU climate change monitor reported that Summer 2024 was the hottest on record. Relatedly, many parts of Scandinavia experienced their highest temperatures ever recorded for this time of year, with other countries like Austria, France, and Germany also facing unusually high heat. This follows a global sustainability summit in Italy, where similar issues and efforts were discussed with Pope Francis. Additionally, Germany’s Environment Agency rejected carbon credits for over 200,000 tons of CO2 emissions from oil companies due to fraud concerns involving projects in China.