Strategic tensions are escalating across multiple regions. Russia, China, Iran, and North Korea are deepening their collaborative efforts—their shared interests creating a unified bloc against Western influence. The Arctic and Northern Europe have transformed into critical zones of geopolitical competition. This emerging multipolar dynamic reshapes global power structures, with implications extending far beyond traditional military concerns into economic and financial domains. Market participants should monitor how these shifts influence risk assets, commodity volatility, and cross-border capital flows.