PDB Afternoon Bulletin | July 28th, 2026: China Is Already Preparing For Russia After Putin & Iran Weighs A Hormuz Compromise

In this episode of The PDB Afternoon Bulletin:

• First—China is quietly preparing for a future beyond Vladimir Putin, cultivating relationships throughout the Russian political establishment as Moscow becomes increasingly dependent on Beijing. Once viewed by Xi Jinping as a model of strength, Putin now finds himself leading the junior partner in an increasingly unequal relationship.
• Later—a Gulf-backed proposal offers a possible path toward reopening the Strait of Hormuz. The plan calls for shared regional management and voluntary shipping fees, but would require Iran to abandon its demand for sole control over the critical waterway.

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