Do you think these tensions and uncertainty are going to affect people who work in relatively stable fields such as IT?
During the 2007 recession, a lot of places did reduce IT staff, and a lot of places that did not reduce staff stopped expanding.
The current tensions are more political than financial, it seems, so maybe if things turn bad because of them it won't have as big an effect on business. I'm just saying it is something that OP should think about before doing something that will severely deplete their savings.
Personally, I'd try to continue building savings while waiting either until the world gets through the current tensions relatively unscathed, of until the recovery starts if they lead to a serious economic downturn.