Belarus-Ukraine Security: Lukashenko says Belarus is “highly vulnerable” to Ukrainian drones and warns key industrial and logistics sites could be targeted, while Ukraine’s border guards report no enemy movement or sabotage attempts along the Chernihiv border—though shelling and mining threats continue. Defense Tech & Industry: Ukraine plans new unmanned systems units and expands drone capabilities in Territorial Defense, signaling more demand for components, maintenance, and training across the defense supply chain. Energy & Trade Pressure: Russia is restricting gasoline and diesel sales amid Ukraine strikes on oil infrastructure, and the US signals sanctions on Russian oil could return as more flows move via the Hormuz corridor—an indirect hit to regional fuel markets that Belarus exporters and logistics firms watch closely. Belarus Business & Finance: Leaked documents raise questions about millions flowing through Belarus-linked energy networks via Cypriot and offshore channels, with compliance concerns around loan repayments and cancelled oil contracts. Cyber Threats: Ghostwriter phishing campaigns target Gmail users to steal logins and 2FA codes, while ClickFix malware loaders keep evolving—relevant for Belarusian enterprises handling credentials and remote access. Regional Connectivity: Analysis highlights how Hormuz and the Zangezur corridor shape Eurasian logistics and energy security, underscoring why route shifts matter for Belarus transit economics.