VECTOR · 2026-08-25

Analytical Brief — August 25, 2026, 05:02

The world is entering a phase of economic war against Iran: the US has announced “Economic D-Day,” but so far has limited itself to threats of secondary sanctions. Markets are reacting with a flight from technology: Nasdaq -1%, gold and the dollar are rising, oil is falling. Trump needs China for pressure to be effective — without it, sanctions stall. In Ukraine, drone escalation: attacks on Vinnytsia, unrest in Kerch; Zelensky is seeking a “coalition of the willing.” In the EU, the failure of the ‘firewall’ in Germany opens the way for the right. In Russia — a slow-motion banking crisis, lack of funds for war. Global uncertainty is growing, elites are signaling a change of eras. The coming days will show whether the conflict with Iran moves into a hot phase and whether financial stability holds.