US and Russian negotiators met in Saudi Arabia this week and, in a stunning reset, agreed to re-establish normal relations and work together to end the Ukraine war. Meanwhile, from Mar-a-Lago President Trump blamed Ukraine for the war and called President Volodymyr Zelensky “a dictator.” What does this shift mean for Ukraine, NATO, and US security commitments? Then, we examine Arab states’ alternate plans for Gaza—what do they propose, are any of them viable, and what will the impact be on the region’s dynamics? Finally, we turn to Beijing, where China’s President Xi Jinping met with top entrepreneurs at a big tech summit. Will Xi be able to boost investor confidence and promote high-tech industries while ensuring businesses align with government priorities? Bobby Ghosh, Prashant Rao, and Liz Sly join guest host Carla Anne Robbins on this week’s World Review to analyze shifting alliances and intensifying global power struggles.

As world leaders gather in Munich this week for their annual security conference, Ukraine will once again take center stage – though mainly because of the two people who won’t be there. Presidents Trump and Putin discussed the war and committed to work towards peace in a phone call, but didn’t commit to involving Ukraine in the talks. Meanwhile, Defense Secretary Pete Hegseth told his counterparts in Brussels that the U.S. had other interests and Europe needed to take care of its own security. A new Council report explains how Europe can do so. To discuss how these transatlantic tensions will play in Munich, Stefan Kornelius and Steven Erlanger join Ivo Daalder in Munich for a special episode of World Review, recording on the sidelines of the year’s most important security conference.

President Trump’s proposal for US control of Gaza and relocating its population sparked global backlash this week and was deemed unrealistic and illegal. Top administration officials are now walking back elements of the proposal, insisting US troops won’t be used to clear the territory and relocation would be temporary. Is this just another Trump negotiation tactic as some have suggested? Meanwhile, the administration, with Elon Musk’s support, is dismantling USAID, placing thousands on leave and possibly merging it into the State Department. How will this move impact US soft power and national security? Lastly, after pausing tariffs on Mexico and Canada, Trump claimed victory as both nations pledged to secure the border and crackdown on fentanyl trafficking and organized crime. The 10% China tariff, however, remains intact. How real or effective is Trump's follow through on one of his biggest campaign promises? David Luhnow, Peter Spiegel, and Nahal Toosi join Ivo Daalder this week on World Review to unpack these issues and more.