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Regional Crisis Watch

StableTensionElevated CrisisSevere CrisisCritical
AreaLevelTrendShort rationaleUpdatedWhat changed
RussiaEastern EuropeCritical→ Stable—Revised fiscal documents indicate a substantial increase in planned Russian defence expenditure for 2027, confirming continued prioritisation of force sustainability and wartime military spending despite growing pressure on civilian expenditure.Updated today
UkraineEastern EuropeCritical↑ Worsening—Russia continues mixed long-range strike activity involving ballistic missiles and high-speed jet-powered UAVs, compressing Ukrainian air-defence engagement timelines and increasing pressure on scarce high-end interceptors.Updated today
IranMiddle EastCritical→ Stable—Qatar-mediated contacts between Iran and the United States continue, but Washington has rejected reports of sanctions relief and no verified de-escalation has emerged. Iranian coercive pressure linked to the Strait of Hormuz remains a significant strategic factor.Updated today

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