February – March 2026 will be remembered as the period when the tectonic plates of geopolitics shifted dramatically. In the north, Ukraine enters its fourth year of war, draining Russia’s economic and political resources. In the south, a large-scale military confrontation between Iran, Israel, and the United States erupted at the end of February, plunging the world into a new and uncertain reality. Between these two fires lies the South Caucasus, not merely a geographic label, but the very fulcrum of global survival.
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