WORLD WAR 3 RISK INDEX
Verified situation report across 9 tracked conflicts, from open-source reporting to Friday 28 August 2026, 17:00 UTC. US secondary sanctions against Iranian financial intermediaries and Ukrainian deep-strike operations against Russian energy facilities are hardening into a dual campaign of logistical and financial attrition across primary supply corridors. Washington expanded economic sanctions to target UAE branches supporting Iranian financial networks, while Ukrainian forces executed long-range drone and missile strikes against the Yaroslavl oil refinery and military targets in St. Petersburg and Engels. This sustained targeting threatens to reduce global maritime transit flexibility while severely constraining fuel refinement capacities and foreign financial access for sanctioned belligerents.