India's recent statements at the UN General Assembly's First Committee on October 10, 2026, reinforced its post-Operation Sindoor doctrine, asserting a right to respond to any terrorist attack from Pakistani soil regardless of nuclear threats and drawing no distinction between sponsors and perpetrators. Pakistan countered by accusing India of formalizing a "new normal" policy of preemptive or pretext-based strikes, while pledging full-spectrum deterrence. These exchanges follow a May 2025 four-day conflict triggered by the Pahalgam attack and subsequent border incidents, including a September naval collision and October cross-border fire. Traders weigh the risk of renewed escalation against both sides' efforts to manage tensions short of broader war, with no major new military actions reported since mid-2025.