Horizon

Horizon — 3 September 2026

3 September 2026

World Geopolitics Markets

Markets calm, geopolitics under tension.

The last thirty days

World

Nepal remains devastated by deadly floods as the UN alerts on an El Niño of exceptional intensity.

Deadly floods in Nepal: toll and search operations

Nepal

More than a week after the devastating floods in the Himalayas, the death toll exceeds 1250 and nearly 4875 people remain missing, including 583 foreigners. Nepalese authorities are conducting DNA tests to identify bodies and organizing symbolic funerals for the missing.

Why it matters. This cross-border disaster affects many foreign nationals and raises questions about the vulnerability of the Himalayan region to climate change.

The UN alerts on an El Niño of exceptional scale

The World Meteorological Organization has warned that the El Niño phenomenon is now firmly established and should become a very high intensity phenomenon in the coming months. Sri Lanka is already suffering an unprecedented drought for more than thirty years, with dry wells and plummeting agricultural revenues.

Why it matters. An El Niño of this intensity can disrupt the economies and water supply of several continents simultaneously.

Violence linked to rumors on social media in Africa

More than 80 people have been killed in mob violence fueled by rumors spread on social media, according to a BBC investigation conducted in six African countries.

Why it matters. The phenomenon illustrates a transnational risk of online disinformation causing deadly violence in multiple countries.

Flooding in eastern China

China

Torrential rains have caused severe flooding in several regions of eastern China, sweeping vehicles through the streets.

Why it matters. These weather events are part of a series of extreme climate events affecting Asia this season.

Violent storm in Toronto

Canada

A powerful storm struck Toronto, cutting electricity to tens of thousands of homes, causing severe flooding and forcing the cancellation of flights at Pearson airport.

Why it matters. The event affects a major air hub in North America and illustrates the multiplication of extreme weather episodes.

Geopolitics

Iran strikes American bases in Kuwait and the UAE amid escalation with Washington, while Russia and Germany intensify their tensions.

Open military escalation between Iran and the United States

IranKuwait

Iran attacked Thursday American bases in Kuwait and the United Arab Emirates with missiles and drones, in response to American strikes that killed 18 according to Iranian press, including four at a wedding in Kuhestak. Iran also targeted a Saudi tanker in the Strait of Hormuz, killing two Philippine sailors, and warned the United States against any Israeli offensive in southern Lebanon.

Why it matters. This direct escalation between Iran and the United States, with strikes on third countries in the Gulf, raises the risk of a wider regional war involving multiple states.

Netanyahu reaffirms the maintenance of Israeli army in Gaza

Israel

On a visit to the Gaza Strip, Benjamin Netanyahu affirmed that the Israeli army would not withdraw from the territory, less than two months before legislative elections in Israel.

Why it matters. This statement confirms the continuation of Israeli military occupation in Gaza with no announced withdrawal perspective.

Germany-Russia tensions after a thwarted drone attack

GermanyRussia

The European Union and NATO have promised to increase pressure on Russia after what Berlin describes as an attempted Russian drone attack against Leipzig airport. In retaliation for German sanctions, Russia announced the closure of Goethe-Institut cultural centers in Moscow, Saint Petersburg and Yekaterinburg.

Why it matters. This diplomatic escalation between two major European powers adds to tensions already high since the invasion of Ukraine.

Massive Russian strikes on thirteen Ukrainian regions

UkraineRussia

Ukrainian president Volodymyr Zelensky denounced a new escalation after nighttime Russian strikes hitting thirteen Ukrainian oblasts, including Kyiv. Zelensky also warned that Russian airspace was becoming extremely dangerous due to Ukrainian drones, which led the UN agency for civil aviation to call for protecting aircraft flying over the zone.

Why it matters. The intensification of strikes and near-continuous air alerts in Kyiv illustrates a worsening of the conflict that has lasted since February 2022.

Political crisis in Spain over Ceuta and Morocco's role

SpainMorocco

A Spanish police report contradicts the version of Pedro Sánchez's government on Morocco's role during the massive influx of migrants to Ceuta in late July, evoking total permissiveness by Moroccan forces. Sánchez affirmed before Parliament that no solid evidence establishes that Morocco orchestrated this exodus, despite demonstrations in several Spanish cities.

Why it matters. This affair weakens the Spanish government and revives diplomatic tensions with Morocco over the management of migrant borders.

Energy agreement between Venezuela and multinationals

VenezuelaUnited States

Under the supervision of American Secretary of Energy Chris Wright, Venezuela signed energy agreements worth several tens of billions of dollars with multinationals in Caracas, under pressure from Trump. The latter also declared that Venezuela was not ready to organize elections, without setting a timeline.

Why it matters. This agreement marks a strategic rapprochement between Washington and Caracas in the energy sector, with implications for global oil markets.

Markets

Global markets remain calm, with slight variations on major indices and a notable rise in gold.

Gold continues its advance, driven by distrust of the United States

NetherlandsUnited States

The price of gold climbed 2.63% to 4481 dollars. Several European central banks, including that of the Netherlands, have repatriated part of their gold reserves stored in the United States, a movement attributed to growing distrust of the reliability of the American ally.

Why it matters. This repatriation of reserves by central banks reflects a reconfiguration of international confidence in the United States as guardian of reserve values.

Rise in sovereign borrowing rates in major economies

France

The rates at which major world powers borrow are reaching peaks, raising the cost of state debt as financing needs have never been higher. France is particularly under pressure on this front.

Why it matters. This rise in rates affects all Western democracies and complicates the management of public finances in a context of high debt.

Europe closes its doors to Brazilian meats

Brazil

Since September 3, Brazilian beef and poultry can no longer enter the European Union, a health ban that constitutes a first test for the Mercosur trade agreement.

Why it matters. This decision puts to the test the trade agreement between the European Union and Mercosur countries, with repercussions on transatlantic agricultural trade.

The IMF announces a 2.2 billion dollar aid program for Senegal

Senegal

The International Monetary Fund announced an aid program of approximately 2.2 billion dollars for the period 2026-2029 in favor of Senegal, whose debt reaches 132% of gross domestic product.

Why it matters. This international financial support aims to stabilize the economy of a country in budgetary difficulty, with implications for West African regional stability.

Traffic restrictions at the Panama Canal due to El Niño

Panama

Facing a drought aggravated by El Niño, the Panama Canal has triggered its first traffic restrictions, reducing the number of ships authorized to transit.

Why it matters. This limitation poses a new threat to global supply chains that depend on this strategic maritime route.

Uber cuts approximately 10% of its global workforce

United States

Uber will cut 3300 positions, approximately 10% of its global workforce, to simplify its organization and accelerate its shift towards robotaxis.

Why it matters. This restructuring of a major global company in the transport sector reflects economic changes linked to automation.

Today's indicators

Deterministic data, calculated by threshold or taken as-is from official sources — never judged by the model.

Markets

Closing prices and changes
ValueCloseChange
CAC 40 8,272.11 ↓ -0.10 %
DAX 25,891.36 ↑ +0.20 %
FTSE 100 10,774.04 ↑ +0.16 %
S&P 500 7,666.6 ↑ +0.46 %
Nasdaq 26,217.83 ↑ +0.45 %
Nikkei 225 64,214.48 ↓ -0.17 %
Hang Seng 25,213.31 ↓ -0.39 %
VIX 15.18 ↓ -0.13 %
Petrole Brent 95.83 ↑ +0.21 %
Gaz naturel 2.99 ↑ +1.08 %
Or 4,481 ↑ +2.63 %
EUR/USD 1.16 ↑ +0.09 %

General, non-personalized information. Does not constitute investment advice, a recommendation, or a solicitation to buy or sell.

Crypto

Prices and changes of major cryptocurrencies
ValuePrice24h change
Bitcoin 77,706 USD ↑ +1.35 %
Ethereum 2,398 USD ↑ +1.01 %
BNB 701.16 USD ↑ +2.55 %
Solana 100.31 USD ↑ +1.41 %
XRP 1.37 USD ↑ +2.94 %

aucun seuil franchi, marches crypto calmes

General, non-personalized information. Does not constitute investment advice, a recommendation, or a solicitation to buy or sell.

Supply chain

A combined reading of traffic through strategic straits and energy prices: two signals of the same possible tension on global supply chains. The more severe of the two prevails.

Energy prices and changes
ValuePriceChange
Petrole Brent 95.83 USD ↑ +0.21 %
Gaz naturel 2.99 USD ↑ +1.08 %
  • Bab el-Mandeb — traffic at 79% of normal levels data from 30 August
  • Ormuz — traffic at 67% of normal levels data from 30 August
  • Malacca — traffic at 91% of normal levels data from 30 August
  • Suez — traffic at 100% of normal levels data from 30 August
  • Panama — traffic at 98% of normal levels data from 30 August
  • Bosphore — traffic at 82% of normal levels data from 30 August
  • Gibraltar — traffic at 98% of normal levels data from 30 August
  • Douvres — traffic at 95% of normal levels data from 30 August
  • Taïwan — traffic at 92% of normal levels data from 30 August
  • Cap de Bonne-Espérance — traffic at 98% of normal levels data from 30 August

International sanctions

Daily movement on the consolidated lists of OFAC (US Treasury) and the UN Security Council: the total almost never moves from one day to the next — the signal is the new entries since the last reading.

No new entries since the last reading.

19,321 entries tracked at OFAC (US Treasury) · 1,011 entries tracked at the UN

Connectivity

Significant internet outages detected by IODA (Georgia Tech) over the last 48h.

  • Congo — traffic at 3% of normal levels
  • Iraq — traffic at 5% of normal levels
  • Sao Tome And Principe — traffic at 49% of normal levels