Executive Summary 

This weekly report provides a comprehensive analysis of critical events, emerging threats, and significant developments across our global watchlist countries. Our Geopolitical & Security Analysis Teams continuously monitor and assess incidents affecting regional stability, security, and business operations.

The week ending March 30, 2026 is dominated by the US-Israel war on Iran entering its fifth week, a conflict that has killed over 3,400 people, driven Brent crude past $115 per barrel, and triggered energy emergencies from Manila to Berlin. Yemen's Houthi entry into the war on March 28 created a dual maritime chokepoint alongside the Strait of Hormuz, threatening 30% of global seaborne trade, while the Pentagon's preparation for potential ground operations on Kharg Island and Trump's March 30 threat to "completely obliterate" Iran's energy infrastructure signal that escalation has not peaked.

Secondary crises are deepening in the absence of international attention. Ukraine-Russia ceasefire talks remain frozen as US diplomatic resources shift to the Middle East, while Europe scrambles to coordinate an energy response and accelerate an €800 billion rearmament drive. Spain became the first NATO ally to close its airspace and military bases to US operations linked to the Iran war. Sudan's drone warfare kills hundreds of civilians monthly with no policy response, the DRC's conflict is expanding geographically, and jihadist violence is surging across Nigeria and the Sahel.

The collective implication is an operating environment in which no major conflict has a viable resolution pathway, energy supply disruption is structural rather than temporary, and organizations with personnel or assets across the Gulf, East Africa, the Sahel, or energy-dependent economies in Asia face sustained elevated risk.