Geopolitical risk has spiked this week, with Ukrainian troops moving into Russian territory and Iran continuing to threaten Israel.
Two conflicts Gaza, Ukraine have escalated significantly this week, with Ukraine launching a ground incursion into Russia’s Kursk region in a surprise move that Moscow was unable to thwart, and with Iran indicating on Tuesday that a Gaza ceasefire deal would “delay” retaliation against Israel.
On Tuesday, Kyiv indicated that it was planning another push in the region, while Russia continues to evacuate residents - some of them to occupied Ukraine. On Wednesday, the Russian evacuation total from the Kursk region was set to hit 200,000 people. On Thursday, Kyiv said it had set up a command center in Russia’s Kursk region, and Moscow deployed more troops to Belgorod.
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