VIX at 4.9 (anomaly) with +3.3σ worsening momentum, coinciding with US economy shedding 92,000 jobs in February and military spending commitments abroad.

Yemen status shifted from moderate to elevated. Regional rally activity includes explicit Houthi warnings of escalation following Khamenei death, indicating potential for expanded theater involvement.

Status de-escalated from critical to elevated. Ongoing operations include armed robotic systems deployment and prisoner exchanges. Eastern front maintains regular casualty reports.

Baltic-dry (2.5 drift) and gdelt-regional (7.6 anomaly) show sustained co-movement. Suggests shipping disruption risk correlates with regional conflict escalation, likely via Strait transit threat and insurance cost increases.

Cyber-threat signal at +3.9σ momentum (worsening), coinciding with active military operations and intelligence support flows to Iran. Pattern suggests increased state-sponsored activity or defensive network strain.

Oil-WTI anomaly and +1.9σ worsening momentum indicate continued supply-side risk. Absence of resolution signals in Iran-Israel theater suggests price volatility likely to persist; shipping cost correlation (r=0.67) will amplify transport cost pass-through.

Composite Risk Index at 9.12 (normal, -0.01 variance) reflects broad diversification across 25 signals, but top 3 average at 7.81 (reliefweb-disasters, oil-wti, gdelt-regional). Risk concentrated in infrastructure-geopolitical domains; financial domain anomalies (VIX, bilateral flows) remain contained but vulnerable.