So, first off I must say that this is one of the best TLs that I have read. My thanks to the author for such a good story.
As for this last chapter.
I am quite happy to see the afghan monarchy survive and hope that unlike OTL the country might continue to prosper in peace.
As for Iberian peninsula. I think that Spain will come out of this in many ways the same state as OTL with some main differences. One, they will keep most of their colonies ( the moroccan coast might be an expection). Two, Franco will most likely be much more popular here then OTL. He he did bring Spain into nuclear power club and regained some of its old colonial glory.
Portugal... well I can see it going few ways.
One, a successfull revolution, be it by army or the people. This will either lead to a new republic or a ceremonial monarchy. This will probably lead to the severing of ties with the colonies. If a republic I could see the king continue to rule in the former colonies.
Two, the king reforms the country into an actual democracy and either abandons or finds solution to the problem of colonies (some kind of portuguese Commonwealth?) Considering that Duarte will soon die, his son might be able to do this. In real life he did support the full independece of East Timor and spent several years in Africa.
Or option three. Belarus of this timeline. The last dictatorship of Europe.
Very unlikely as the Italians seem to be the main reason the regime is still standing.
It is good to see the improvements in relations between Israel and Arabs. Maybe there is hope of major improvement for the devastated arab nations.
South Africa is going to only get worse
And Balbo is death. And he left Ciano a complete mess. Now what will happen to fascism and Roman alliance?
I think that something big will happen that will shatter the alliance with many states ( like Spain) leaving and the Italian government being made to look competely incompetent. Maybe the reunification of Germany?
Which combined with Ethiopia, the drug crisis and other problems might topple the regime in Italy.
We shall see.