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: Risk of Escalation Between Israel and Hezbollah Iran-Backed Houthis Step Up Attacks in the Red Sea Russia and North Korea Sign Mutual Defense Agreement China Increases Tensions with the Philippines We begin this report with an update on the war in Gaza as Israel has indicated that major combat operations in Rafah will soon come to an end. With the remaining Hamas brigades in the city soon to be destroyed, the attention will now ... Around the World with Academy Securities