One way to visualize:
Disposition of some US naval groups (CSGs, etc.), as of Nov. 2.
Highlighting the seriousness of the situation, it has been two decades since two CSGs have operated in the Mediterranean simultaneously; and two decades prior to that for the previous episode.
Figure 1: VIX (left scale, blue), Geopolitical Risk index (right scale, tan), Global EPU at market prices (green, right scale). Source: CBOE via FRED, Caldara and Iacoviello, policyuncertainty.com.