Geopolitical and supply tensions dominated the hour. In Eastern Europe, the conflict between Russia and Ukraine has escalated following deadly strikes on Kyiv and competing claims over military infrastructure, prompting urgent calls for defensive systems. Simultaneously, Spain has deployed troops and installed new floating barriers to manage a mass migration surge at the Ceuta border. These security challenges coincide with a concerning development in U.S. energy: crude and strategic oil inventories have hit their lowest levels in over 40 years. Meanwhile, the technology sector faces mounting systemic risks, punctuated by a significant security breach at OpenAI and Hugging Face, alongside expert warnings that AI is increasingly fueling more effective cyber and financial scams.