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Korean Peninsula Nuclear StandoffPersistent military confrontation and nuclear deterrence instability on the Korean peninsula
Red Sea Shipping Disruption (Houthi Campaign)Houthi attacks, naval protection missions, rerouting, insurance shocks, and supply-chain stress around the Red Sea, Bab el-Mandeb, and Suez corridor.
Ukraine-Russia ConflictWar between Russia and Ukraine following Russian invasion in 2022