Published on Tuesday, August 4, 2026
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Global | BBVA Research Big Data Geopolitics Monitor. 04 August 2026
Unresolved US-Iran Diplomacy Over Hormuz, Ukraine’s Air-Defence Shortfall and Proposed US Tariffs on Russian Energy Buyers Sustain Pressure on Global Energy Markets
Key points
- Key points:
- US-Iran Diplomacy Remains Subordinate to the Hormuz Escalation
- Ukraine’s Air-Defence Constraint Deepens as Both Sides Extend the War’s Reach
- US Senate Advances Secondary Pressure on Russia
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