This document covers a broad range of developments in military, geopolitical, and security domains, with a focus on China, Russia, Iran, and regional conflicts. It highlights China’s advancements in military and space technologies, including new aerial refueling aircraft, space capabilities, and a world-first small modular reactor. The report also addresses China’s growing influence in Sri Lanka and India’s efforts to maintain a presence there. Russia’s ongoing military operations in Ukraine are discussed, alongside its strategic naval maneuvers in the Arctic and new weaponized shipping container technology. Iran’s military acquisitions, particularly from Russia, and its fight against drug trafficking are also examined. Additionally, the document looks at the evolving security challenges in Latin America and West Africa, as well as broader global operational shifts, including lessons learned from the Ukraine war.