US counterterrorism strikes have continued at a high pace in Somalia, with AFRICOM logging dozens of operations against al-Shabaab and ISIS-Somalia through October 2026, while Operation Epic Fury has involved repeated airstrikes and naval actions against Iranian targets, including recent October escalations. Parallel efforts under Operation Southern Spear have featured over 70 vessel strikes in the Caribbean and Eastern Pacific plus land operations in Venezuela following the January 2026 intervention and in Ecuador since March, alongside joint activities involving Colombia, Honduras, and Guatemala. These campaigns, together with reported actions in Nigeria and residual operations in Syria and Iraq, have anchored trader consensus at eight countries for the full year, with limited movement toward nine reflecting uncertainty over whether additional Latin American or Middle Eastern sites will produce distinct new targets before year-end.