In this month’s edition of Around the World with Academy Securities, our Geopolitical Intelligence Group (GIG) focuses on the following geopolitical tensions that we are monitoring: Ceasefire in Gaza Iran Signs Strategic Partnership Pact with Russia War Between Russia and Ukraine Escalates Chinese Cyber Threat U.S. Engagement with Greenland In addition to covering the topics above in this month’s report, we begin with a few other “black swans” or potential risks/themes for 2025 from our GIG. With respect to Mexico, General Evans noted that “Secretary of State Marco Rubio stated in confirmation testimony that the new administration would not rule ... Around the World with Academy Securities