An explosion occurred at a weapons storage facility in Bulgaria overnight, igniting a fire and raising concerns about regional security. The facility, located in a NATO and EU member state, had been under scrutiny due to previous incidents linked to the ongoing Russia-Ukraine conflict. Bulgarian authorities have not yet provided evidence of foreign interference, and the incident is being treated as a high-risk munitions accident. Market pricing reflects a 22.5% likelihood of a NATO-Russia military clash by the end of 2026, reflecting heightened geopolitical risks.
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